The Bursa Carbon Exchange (BCX), a subsidiary of Bursa Malaysia, has officially launched continuous trading for Renewable Energy Certificates (RECs) on its platform. This move, effective from 9 September 2024, expands BCX’s trading capabilities beyond carbon credits, allowing corporates to trade RECs generated from solar photovoltaic, bioenergy, and small-hydropower sources in addition to hydropower RECs.
This development supports Malaysia’s National Energy Transition Roadmap (NETR) and provides businesses with enhanced opportunities to meet sustainability goals. All RECs traded on BCX adhere to the I-REC Standard, ensuring global compliance with environmental tracking standards.
Datuk Muhamad Umar Swift, CEO of Bursa Malaysia, emphasized that BCX’s platform provides an efficient way for businesses to acquire environmental assets, aiding their carbon reduction and renewable energy adoption efforts.
The Exchange encourages early corporate onboarding to benefit from competitive trading fees and to prepare for year-end sustainability reporting.
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 introduces continuous trading for Renewable Energy Certificates (RECs) from various sources including solar, bioenergy, and small-hydropower. This new feature supports Malaysia’s sustainability goals and offers businesses enhanced trading opportunities.){kind=link}