It is an undisputable fact that the urgent need of the day is to address climate change. To limit global warming to 1.5 degrees Celsius, Greenhouse gas (GHG) emissions need to be halved by 2030 and reach net zero by 2050.

Closer to home, Malaysia has set the target of carbon neutrality by 2050 and many companies have begun to announce net zero emissions targets. Recognizing that carbon markets can play a crucial role in accelerating the transition towards Net Zero, Bursa Malaysia launched its very own carbon exchange at the end of 2022. The Bursa Carbon Exchange (BCX) is the first Shariah-compliant exchange in the world with the trading platform fully operational in October 2023.

But how do carbon markets work? What is involved in the buying and selling of carbon credits? What new business opportunities does the market present to companies?

This program seeks to equip directors and senior management of companies with essential knowledge and understanding of carbon markets in Malaysia. It will discuss the market mechanism that enables the buying and selling of carbon credits generated from projects that either reduce, avoid or remove carbon from the atmosphere. It will also highlight the opportunities that abound given Malaysia’s unique position to produce carbon credits, particularly nature-based solution credits, due to its high forest cover and abundant natural resources. The value of carbon markets is expected to reach USD250 billion globally by 2050.