Bursa Carbon Exchange inks partnership with MPIA

Memorandum of collaboration signing at MPIA Solar Roadshow 2024 on Jan 16, 2024, which was formalised by Davis Chong, MPIA president (left), and Datuk Muhamad Umar Swift, CEO of Bursa Malaysia

KUALA LUMPUR: Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia, has entered into a strategic collaboration with the Malaysian Photovoltaic Industry Association (MPIA) in an effort to enhance Malaysia's voluntary renewable energy certificates (REC) market.

In a statement, Bursa Malaysia said the partnership will focus on the joint promotion of solar RECs, enabling BCX to offer RECs trading to MPIA members, corporate entities and relevant stakeholders.