Carbon credits set to become increasingly important

Bursa Malaysia's Chen said reports show that corporations that invest in carbon offsets are twice as likely to decarbonise at a faster pace than those that did not.

KUALA LUMPUR: Carbon offsets remain a crucial tool in facilitating the decarbonisation efforts of corporations, contrary to some critics, says Bursa Malaysia head of carbon market Dr Chen Wei Nee.

Carbon offsetting is an activity that compensates for the emission of carbon dioxide or other greenhouse gases by providing for an emission reduction elsewhere.