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31 October 2022

On 15 August 2022, Bursa 乐鱼体育官网 Securities Berhad (“Bursa 乐鱼体育官网”) announced that it will be launching the Voluntary Carbon Market (“VCM”) exchange later this year. Through Bursa 乐鱼体育官网’s VCM exchange, both buyers and suppliers will be able to transact high-quality carbon credits at transparent prices. Bursa 乐鱼体育官网 intends to offer standardised carbon credit products for trading via a rules based VCM exchange.

By year-end, a supply of carbon credits is to be sold by way of auction to interested buyers. The auction will enable price discovery for the new standardised carbon credit products. The clearing price from the auction will establish a baseline demand for carbon credits in 乐鱼体育官网, which will provide a reference point for secondary trading.

Bursa 乐鱼体育官网 will adopt the Verified Carbon Standard, better known as Verra. Verra is a widely recognised standard accounting for nearly 70% of voluntary carbon credit issuances globally. Bursa 乐鱼体育官网 had signed an MOU with Verra in May 2022, which focuses on capacity building.

Bursa 乐鱼体育官网 invites interested project developers and project proponents to submit their interest to supply carbon credits for the auction, as well as for the VCM exchange in the medium and long-term period. Corporate buyers who would like to participate in the auction and purchase carbon credits are encouraged to reach out to Bursa 乐鱼体育官网 to register their interest.