KUALA LUMPUR, Bursa Malaysia Bhd through its wholly owned subsidiary Bursa Carbon Exchange (BCX), has signed a memorandum of collaboration with the Natural Resources and Environment Board (NREB) Sarawak to explore the development of a carbon registry in the state.
The two-year partnership will involve reviewing the registry’s objectives, conducting capacity-building programmes, holding technical consultations with experts, and designing an action plan for implementation.
The proposed registry will align with the Environment (Reduction of Greenhouse Gases Emission) Ordinance 2023, which empowers NREB to regulate greenhouse gas emissions and promote low-carbon strategies in Sarawak.
Bursa Malaysia CEO Datuk Fad’l Mohamed said BCX’s experience in operating the voluntary carbon market and working with global carbon registries and renewable energy certificates will help Sarawak unlock economic opportunities from high-quality carbon credits.
He added that the collaboration reinforces Bursa Malaysia’s commitment to advancing Malaysia’s sustainability agenda and supporting Sarawak’s climate goals through capacity building and a well-structured carbon market ecosystem. 
NREB’s controller of environmental quality Datu Jack anak Liam said the partnership aligns with the agency’s mandate to develop and manage the carbon registry under the 2023 ordinance.
“Working with BCX and leveraging their international expertise will help Sarawak build a credible and transparent carbon market ecosystem,” he said.
