This workshop provides attendees with a broad understanding of Renewable Energy Certificates (RECs), how they are being used around the world to drive investment in renewable energy, and how a robust REC-based scheme could be used in Singapore to increase investment in renewable energy.
Course Objective
At the conclusion of the training session, attendees will:
Know what a REC is
Be able to differentiate between different types of RECs and know the advantages and disadvantages of each (including small vs large RECs and the different 'attributes' of RECs under different schemes)
Understand the fundamentals of registering, selling, settling (surrendering) and tracking RECs
Understand different international approaches to driving investment in renewable energy through the creation and monetisation of RECs, including policy design considerations
Know who the 'buyer' of RECs is under different policy designs
Be familiar with different mechanisms that can be used to ensure the quality of RECs
Have a basic understanding of REC market dynamics and the key factors driving supply, demand and price
Comprehend the role (actual and potential) of RECs in the Singaporean and regional context.