Yinson is pleased to participate in the auction of the first Malaysian nature-based carbon credits from the Kuamut Rainforest Conservation Project. The development of a robust local carbon market is vital to facilitate collective climate action towards achieving our national climate ambitions. The auction of domestic forest credit provides an offsetting pathway for hard-to-abate emissions while supporting the long-term sustainable protection and restoration of the Kuamut Rainforest’s resources. Read more on Yinson's Climate Goals: https://lnkd.in/gyGy4Gh #Yinson #passionatelydeliveringpowerfulsolutions #carboncreditauction #KuamutRainforestConservationProject #sustainability #climatechange #carbonmarket #climategoals
Bursa Carbon Exchange (BCX) has successfully concluded its auction on the first Malaysia Nature-based Carbon Credits Plus (MNC ) Contracts from the Kuamut Rainforest Conservation Project which was cleared at RM50 per Contract, establishing a benchmark price for voluntary carbon credits for Malaysian nature-based carbon projects. This milestone has a national significance in showcasing Malaysia’s capacity to develop its own carbon projects complying to international standards, to be admitted onto BCX. Bursa Malaysia also states it's timely for Malaysia to consider implementing a compliance carbon market to accelerate domestic carbon projects development. Read more https://bit.ly/3WBjmyU #permianglobal #vcm #malaysia #kuamutrainforestconservationproject #krcp