Tag: Bursa Malaysia
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Coconuts Falling from the Sky: Believing in Hydropower RECs with Zero Emissions
Renewable Energy Certificate (REC) trading is due to commence on the Bursa Carbon Exchange (BCX) on 25 June this year. While Bursa Malaysia claims that the hydrocarbon RECs being traded have zero carbon emissions “on paper”, the reality is somewhat different. Businesses in Malaysia can use RECs to offset their “Scope 2” emissions: indirect greenhouse…
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Malaysia’s Voluntary Carbon Market
The first auction on the Bursa Carbon Exchange (BCX), Malaysia’s new voluntary carbon market, took place on March 16 with around RM7.7 million in carbon credits sold. Although the auction was described in the official press release as evidence of “strong interest and [a] healthy price signal by the domestic corporate sector”, it must be…