Bursa Malaysia Berhad and MGTC will collaborate to build and promote the voluntary carbon market ecosystem in Malaysia, following the launch of the Bursa Carbon Exchange (“BCX”) in December 2022.
The parties will focus primarily on three areas which are to identify, guide, connect, and nurture key players in the carbon market ecosystem, which would be integral in building a robust VCM ecosystem. The first focus area will be the development of a national VCM handbook that will serve as a resource for professionals and stakeholders in the industry, by supporting and guiding them with relevant information to generate carbon credits using international standards acceptable to the BCX.
Secondly, they will focus on the creation of a Directory of Carbon Industry Service Providers. This will serve as a valuable resource for individuals and organisations in the VCM industry by listing project developers, Validation & Verification Bodies (“VVBs”), financiers, and technical experts, making it easier for interested parties to connect and collaborate.
The third focus area looks at enhancing technical expertise and knowledge sharing among ecosystem players. Towards the end, of this year, Bursa Malaysia will be organising the inaugural Malaysia Carbon Market Forum in conjunction with the International Greentech & Eco Products Exhibition & Conference Malaysia (“IGEM”) Conference.
