Release of the Singapore Standard
To ensure the use of high-quality instruments in Singapore, the Singapore Standards Council (SSC) has developed a new Singapore Standard (SS) – the SS “Code of Practice for Renewable Energy Certificate (REC).” The “Code of Practice for REC,” is the first of its kind in Southeast Asia and was supported by the Standards Development Organisation @ Singapore Chemical Industry Council Limited (SDO@SCIC) who was appointed by Enterprise Singapore (ESG).
The Singapore Standard provides information on the quality criteria for REC instruments issued and used in Singapore, and advises end-users on how to make credible claims that are aligned with international practices and domestic considerations. It aims to improve the overall integrity of measuring, reporting, and verification (MRV) requirements for the issuance and management of Renewable Energy Certificates (RECs).
The SS “Code of Practice for REC” was developed by a Working Group appointed by ESG in close consultation with local and international stakeholders such as the I-REC Standard Foundation (I-REC Standard), registrants, and participants (buyers/sellers) in the I-REC Standard’s network.
As part of the consolation process, the I-REC Standard has been working closely with Singapore-based SP Group to ensure compliance between the Singapore and the I-REC Standards, the Issuer function, and best practices included in the Singapore Standard. I-REC Standard Foundation supports the broader Asia Pacific region by harmonising their REC ecosystems, addressing supply and demand constraints, and ensuring a more robust reporting and accountability framework for corporations with active supply chains in the region. Domestic standards such as the new SS “Code of practice for REC” will lead to deeper collaboration among countries.
For more information, please contact the I-REC Standard secretariat at email@example.com