This report introduces the PREC as a new mechanism for financing renewable energy in conflict- and crisis-affected countries. The report assesses the market feasibility of PRECs through the lens of existing renewable energy markets. It includes a summary of renewable energy markets, drivers of demand, and the impact of voluntary REC markets on the growth of the renewable energy sector. The report ultimately highlights the potential for PRECs to bridge current funding gaps that hinder renewable energy development in fragile parts of the world.