(From left) Representing PETRONAS, Datuk Adif Zulkifli and Marina Taib, and representing ENEOS Xplora, Yasuhiko Oshida and Jotaro Tomoeda during the virtual signing ceremony.
Bursa Malaysia announced the successful bidders of its first nature-based carbon credits auction, conducted by its subsidiary, Bursa Carbon Exchange. The auction featured carbon credits from the Kuamut Rainforest Conservation project in Sabah.
Among the winners were Petronas, Malayan Banking, Gas Malaysia, and Yinson Holdings, along with CIMB Bank, BBB Asia Capital, Eco Green Carbon Ventures, and TROX Malaysia. The auction cleared at RM50 per contract, providing a benchmark price for Malaysian nature-based carbon credits.
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The Kuamut project, internationally recognized for its high-integrity carbon credits, underscores Malaysia’s commitment to forest conservation and sustainable development .
Bursa says the carbon credit auction will allow companies to reduce their environmental impact through several credible pathways, including offsetting greenhouse gas (GHG) emissions.
“The auction of the domestic forest protection and regeneration project was cleared at RM50 per contract,” Bursa adds in a statement.
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