Clear rules needed for voluntary carbon market

AmBank Group chief economist Anthony Dass: “Consumers and investors are increasingly interested in a company’s climate strategy, thus those prepared to innovate early may reap the benefits of their climate-friendly actions."

PETALING JAYA: Proper mechanism for the voluntary carbon market (VCM) is needed for corporate Malaysia as it will spur energy efficient technologies and boost its export competitiveness.

Besides that, economists and industry observers said the processes for such carbon exchange should be clear for companies to have a better grip of the mechanism involved for the exchange.