KUALA LUMPUR: A well-designed carbon market should offer an available and scalable solution for the world to take immediate action with integrity and impact, says Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.
For this very reason, he said the government announced the Voluntary Carbon Market (VCM) initiative during Budget 2022, and subsequently, the Bursa Carbon Exchange was launched by the bourse at end-2022.
“The VCM serves as the first carbon pricing instrument in the country to catalyse and encourage decarbonisation efforts, and over time, I believe there should be an introduction of a compliance carbon mechanism in the country as well,” he said during the second Malaysia Carbon Market Forum here yesterday. — Bernama
