Malaysia is encouraging increased participation from companies and financial institutions in its Voluntary Carbon Markets (VCM) as a means of supporting the financing of projects aimed at reducing greenhouse gas emissions. Malaysia is committed to reducing greenhouse gas emissions by 45% relative to GDP by 2030 compared to 2005 levels, in line with its Nationally Determined Contributions (NDC) under the Paris Agreement. Greater engagement in the VCM can help Malaysian entities offset their carbon emissions and fulfill their corporate social responsibility. The establishment of the Bursa Carbon Exchange (BCX) by Bursa Malaysia has played a significant role in the country's VCM growth.

Source: Carbonherald