Bursa Carbon Exchange Signs MOC With Sarawak Energy, Hydropower Sustainability Alliance And I-Rec At Cop28, Signalling Its Future Offering Of Renewable Energy Certificates

Dubai, 4 December 2023 – Bursa Carbon Exchange (“BCX”), a wholly-owned subsidiary of Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”), today signed a Memorandum of Collaboration (MOC) with Sarawak Energy Berhad (“Sarawak Energy”), Hydropower Sustainability Alliance (“HSA”) and the I-REC Standard Foundation (“I-REC Standard”), during the 28th United Nations Climate Change Conference of Parties (COP28) held in Dubai, United Arab Emirates. The four-way MOC brings together a collaboration between Malaysian and international organisations in paving the way for the offering of renewable energy certificates (RECs) on Bursa Carbon Exchange, Malaysia’s voluntary carbon market exchange. Sarawak Energy is a vertically