Bursa Carbon Exchange Joins IETA To Expand The Voluntary Carbon Market

Bursa Carbon Exchange Joins IETA To Expand The Voluntary Carbon Market - Carbon Herald
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Financial markets are taking their turn in supporting the carbon markets ecosystem and emissions reductions. The Bursa Carbon Exchange (BCX) announced on April 6th it is joining the International Emissions Trading Association (IETA), a non-profit organization aiming to establish a functional international framework for trading in greenhouse gas emission reductions.

The Bursa Carbon Exchange is Bursa Malaysia’s voluntary carbon market exchange, launched in 2022 to offer exposure to carbon credits trading. It is open only for incorporated entities – foreign or local like commodity traders/brokers, financial institutions, project developers, or corporates.

Relevant: Malaysia Officially Launches Its First Carbon Market

The move will strengthen the exchange’s capacity to develop a vibrant voluntary carbon market ecosystem. It offers Bursa Malaysia access to the latest developments in climate policy and market design, and direct contact with a global network of industry experts and stakeholders from various sectors. 

Those parties are actively engaged in the development of carbon markets and emissions trading systems and participate in key decision-making in the international carbon market. 

“Joining IETA is an important milestone for Bursa Malaysia. The association provides us with a platform and representation as we continue to gain insights on Article 6 of the Paris Agreement and various carbon compliance markets in preparation for a future where carbon markets will gain significance in driving countries’ Net Zero aspirations… The recognition is important as we continue to drive the sustainability agenda among corporates in Malaysia,” said Bursa Malaysia Chief Executive Officer Datuk Muhamad Umar Swift.

Relevant: Malaysia Stock Exchange Will Support The Country’s Fledgling Carbon Market

All companies willing to participate in the Bursa Carbon Exchange can download the onboarding form from the BCX microsite https://bcx.bursamalaysia.com or email bcx@bursamalaysia.com for more information.

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