Bursa Carbon Exchange completes inaugural renewable energy certificates auction

Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift.

KUALA LUMPUR: Bursa Malaysia Bhd's subsidiary, Bursa Carbon Exchange (BCX), has successfully carried out its inaugural auction of renewable energy certificates (RECs) for the Hydropower RECs from vintage year 2024 (HRECv24) Contracts.

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the execution of its inaugural RECs auction is the direct outcome of the Memorandum of Collaboration signed with Sarawak Energy Bhd at COP28 in Dubai at the end of last year.