Bursa Carbon Exchange holds country's first nature-based carbon credit auction

KUALA LUMPUR: Bursa Malaysia Bhd's subsidiary Bursa Carbon Exchange (BCX) has carried out its first Malaysian Carbon Credit auction with carbon credits from the Kuamut Rainforest Conservation Project in Sabah.

In a statement, the stock exchange operator said the auction attracted participation from businesses and organisations committed to reduce their environmental impact through several credible pathways, one of them by offsetting hard to abate GHG emissions through carbon credits.