The Bursa Carbon Exchange (BCX), a subsidiary of Bursa Malaysia, has officially initiated continuous trading for Renewable Energy Certificates (RECs) on its platform, effective from September 9, 2024. This new capability expands BCX’s offerings beyond carbon credits, enabling corporations to trade RECs generated from solar photovoltaic, bioenergy, and small hydropower sources, alongside existing hydropower RECs.
This initiative aligns with Malaysia’s National Energy Transition Roadmap (NETR) and provides businesses with greater opportunities to achieve their sustainability objectives. All RECs traded on BCX comply with the I-REC Standard, ensuring adherence to global environmental tracking standards.
Datuk Muhamad Umar Swift, CEO of Bursa Malaysia, highlighted that the BCX platform offers an efficient method for businesses to acquire environmental assets, supporting their efforts in carbon reduction and renewable energy adoption.
The Exchange encourages companies to onboard early to take advantage of competitive trading fees and prepare for year-end sustainability reporting.
