Time To Introduce The Malaysia Carbon Market Policy

Ong, Hwai Chyuan * and Long, Chiau Ming * and Woon, Chin Ong * (2024) Time To Introduce The Malaysia Carbon Market Policy. Reach Publishing Sdn Bhd, Malaysia.

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Official URL: https://www.businesstoday.com.my/2024/09/19/time-t...

Abstract

Carbon credits are one type of compensatory mechanism for offsetting the emissions of carbon dioxide or other greenhouse gases. When a company buys a carbon credit, usually from the government, it gains permission to generate one ton of CO2 emissions. The first auction for Malaysian Carbon Credit was held by Bursa Carbon Exchange (BCX) recently. This is a monumental step toward admitting the first Malaysian nature-based carbon project onto the BCX. This is a testament to Malaysia’s ability to develop its own carbon projects that meet international standards. Another feather in the cap, BCX is the world’s first Shariah-compliant multi-environmental product exchange that facilitates the trading of carbon credits via standardised contracts.

Item Type: Other
Uncontrolled Keywords: Malaysian Carbon Credit; Bursa Carbon Exchange; BCX;
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Sunway University > School of Engineering and Technology [formerly School of Science and Technology until 2020] > Dept. of Engineering
Sunway University > School of Medical and Life Sciences [formerly School of Healthcare and Medical Sciences until 2020] > Department of Medical Sciences
Sunway University > Sunway Business School [formerly Sunway University Business School until 2023] > Dept. Management
Depositing User: Ms Yong Yee Chan
Related URLs:
Date Deposited: 23 Sep 2024 01:27
Last Modified: 23 Sep 2024 01:27
URI: http://eprints.sunway.edu.my/id/eprint/3164

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