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25 June 2024

The global effort to combat climate change has led to the emergence of innovative solutions, one of which is the voluntary carbon market. Voluntary carbon markets enable entities to trade carbon credits generated from projects that remove or reduce greenhouse gases from the atmosphere to offset their carbon footprint. The establishment of 乐鱼体育官网’s voluntary carbon market exchange, Bursa Carbon Exchange (“BCX”), a subsidiary of the stock exchange Bursa 乐鱼体育官网 Bhd, represents a significant stride by 乐鱼体育官网 in promoting sustainability and addressing climate change.

BCX, as the world’s first Shariah-compliant carbon exchange, has played a pivotal role since its inception in facilitating carbon credit trading for corporations to offset their carbon footprints. Looking to the future, BCX’s commitment to sustainability remains evident with its plans to introduce renewable energy certificates, marking a significant stride towards a greener and more environmentally responsible future.

This article by our associate firm in 乐鱼体育官网, Rahmat Lim & Partners, provides an overview of the BCX and its features. To read the full article on the Rahmat Lim & Partners, please click here.