Bursa Carbon Exchange (BCX), a subsidiary of Bursa Malaysia, has launched continuous trading and off-market transactions of carbon credits in Malaysia. This exchange aims to provide a platform for companies to trade carbon credits, promoting carbon reduction initiatives and sustainability. BCX offers two types of standardized contracts for trading: technology-based carbon contracts and nature-based carbon contracts with co-benefits. The launch saw participation from various sectors, and within the first two days of trading, 10 companies transacted 16,500 Verra-registered carbon credits on the exchange.

Source: Carbonherald