World’s First Shariah Compliant Voluntary Carbon Exchange Starts Trading; Bursa Carbon Exchange Will Next Offer Renewable Energy Certificates

• Bursa Carbon Exchange (BCX) successfully commences trading of carbon credits from 25 September 2023 
• Future environmental product expansion to include facilitating trading of Renewable Energy Certificates (RECs) on BCX by Q3 2024

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) announced that yesterday, its subsidiary, Bursa Carbon Exchange (“BCX”), had commenced trading and facilitation of off-market transactions of carbon credits. By the close of its second day of trading, ten companies from various industries transacted a total of 16,500 Verra-registered carbon credits. This signals an encouraging start for Malaysia’s voluntary carbon market (“VCM”).

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