Long way to go for Malaysian carbon market

So far, one auction has taken place on the BCX, comprising a nature-based project located in Cambodia and a technology-based project in China.

AS Malaysia is nearing the first year anniversary of its carbon exchange, it is hard to ignore the fact that no Malaysian-based projects are onboard so far.

While the country is not short of projects capable of producing lucrative carbon credits, project owners have been reluctant to jump on the bandwagon due to several issues including the high cost of compliance to carbon credit standards and the sharp drop in carbon credit prices.