- The offering of RECs on the Bursa Carbon Exchange (BCX) is primarily fast tracked due to increasing demand by domestic corporates for BCX to include RECs in the portfolio of environmental products being offered.
- This is largely due to a more matured voluntary RECs market in Malaysia which had several years of head start compared with the voluntary carbon market. The inclusion of RECs in BCX helps address current RECs market inefficiencies that are largely broker centered deals, promote price discovery and transparency for RECs and provides an easily accessible, additional avenue for corporates to purchase RECs.
- This offering will also support the nation in our energy transition journey towards a lower carbon economy.
- The offering of RECs by BCX aligns with the aspiration of BCX of being a regional multi environmental product exchange.