In the hopes of establishing a voluntary carbon market (VCM) in Malaysia, the Bursa Malaysia Exchange has signed a memorandum of understanding (MoU) with Verra, an international carbon credit standards body.
By collaborating with Verra, Bursa Malaysia hopes to set the groundwork for its VCM, which would be a scalable platform for trading carbon credits based on established regulations and international best practices.
As more businesses need carbon credits to meet net-zero greenhouse gas emissions targets, global demand for voluntary carbon offsets is increasing.
