Bursa's VCM exchange puts a price on carbon emissions

KUALA LUMPUR: Bursa Malaysia Bhd's voluntary carbon market (VCM) exchange, which it will launch by the end of the year, will help to put a monetary value on company initiatives to reduce their carbon footprint.

Hong Leong Investment Bank (HLIB) Research, in a report, noted the benefits of such an initiative, which will reward green asset owners and incentivise innovation in clean technologies.