Malaysia’s Bursa Carbon Exchange (BCX) is the world’s first carbon trading exchange, which encompasses standardized carbon credit products to be traded on the platform. It fosters Malaysian companies to exchange carbon credits from climate-friendly projects and solutions to offset their emission footprint and achieve carbon neutrality. BCX does not limit the sales of carbon credits generated from Malaysia-based projects to overseas buyers, and calls upon all stakeholders, especially project developers, investors, and buyers, to develop local capabilities for a better carbon ecosystem.
Interested project developers and proponents can register their interest in supplying carbon credits for the auction and the BCX. Organizations can reap the benefits of being the first movers in the VCM (voluntary carbon market) space, which allows them to set local industry benchmarks and fuel the growth of the VCM ecosystem.
The BCX rules, the auction terms and conditions, and the pronouncement have been set, with the online auction module in the testing stage and carbon projects for auction in the closing stage of screening.
(Source: The Edge Markets)