ASEAN countries, with abundant renewable energy sources, have long been hoping to draw on the EU's Guarantees of Origins (GoOs) to develop a regional REC system that can capitalize on the strengths of each member country. However, the promotion of this idea has been hindered by the lack of a clear consensus on the development of new energy sources and the varying degree of motivation of the respective governments.
It was until recently did the ASEAN Centre for Energy (ACE) initiate the Development of Conceptual Framework of Renewable Energy Certificate System (RECAP) in collaboration with the BIMP-EAGA-ROK Cooperation Fund (BKCF). The two-year cross-border project aims to identify the market potential of renewable energy certificatation and develop a conceptual framework for the regional REC system in Brunei, Indonesia, Malaysia, and the Philippines (BIMP). State-owned power utilities, energy agencies, and private companies committed to the use of renewable energy in the targeted countrie