Bursa carbon market carries out maiden trade

“We now have a proven market mechanism which provides price discovery,” said Bursa CEO Muhamad Umar.

PETALING JAYA: Bursa Malaysia Bhd’s subsidiary, the Bursa Carbon Exchange (BCX), has carried out the nation’s inaugural carbon credit auction.

In a statement yesterday, the stock exchange operator said the auction, which was carried out electronically on March 16, saw a participation of 15 buyers from various industries purchasing a total of 150,000 Verra-registered carbon credits.

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Bursa , BCX , carboncredits , auction , oversubscription , Fitch


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