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  "documentTitle": "Southeast Asia&#x27;s Green Economy",
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      "text": "Liberalize electricity markets and expand grid access; Establish clear VPPA regulatory frameworks; Phase out fossil fuel subsidies and enable market-driven pricing; Ensure recognition of cross-border VPPAs by global standards",
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      "text": "A VPPA is a financial agreement where the buyer supports a RE project by paying for renewable energy certificates (RECs) without directly consuming the energy or needing to be on the same grid or country, enabled by cross-border energy trading mechanisms. VPPAs are still nascent in SEA, but they are emerging as a significant tool for corporations to procure RE, with multiple nations (e.g., SG, MY) enabling VPPAs",
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      "text": "Sources: Resolv Energy",
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      "text": "VPPAs (virtual power purchase agreements) offer an innovative mechanism for international collaboration on addressing rising power demand from AI",
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