Business

Bursa urges Belt and Road economies to back ASEAN carbon market integration

Exchange calls for investment in ASEAN Common Carbon Framework to strengthen regional sustainability cooperation and carbon trading

Updated 9 months ago · Published on 29 Oct 2025 2:21PM

Bursa urges Belt and Road economies to back ASEAN carbon market integration
Within the broader interoperable ASEAN carbon market, Fad’l believes China could play a key role in providing a demand signa - October 29, 2025

BURSA Malaysia has invited Belt and Road economies to invest in the ASEAN Common Carbon Framework, an initiative introduced under Malaysia’s ASEAN chairmanship aimed at deepening regional integration in carbon markets and promoting sustainable finance.

Bursa Malaysia chief executive officer Datuk Fad’l Mohamed said the framework is designed to boost both the supply and demand of high-quality carbon credits across ASEAN, fostering stronger cross-border cooperation in climate action.

“We welcome investments from Belt and Road economies to support this framework. Within the broader interoperable ASEAN carbon market, we believe China could play a key role in providing a demand signal,” he said in his keynote address at the Financial Street Parallel Forum, themed “Integrating Finance, Expertise, and Commerce for High-Quality Belt and Road Cooperation”.

Fad’l highlighted that Bursa Malaysia has also launched the Bursa Carbon Exchange (BCX), the world’s first Shariah-compliant voluntary carbon market, enabling companies to trade carbon credits and renewable energy certificates.

He said BCX could play an important role in supporting the “Green Belt and Road Initiative” by helping developing nations offset carbon emissions while attracting investments in green and technology-driven solutions.

In parallel, Bursa Malaysia and its counterparts within the ASEAN Exchanges network are collaborating through the ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) to develop a centralised environmental, social and governance (ESG) data infrastructure.

Fad’l said the initiative aims to enhance transparency, create comparable ESG metrics and attract sustainable financing for Belt and Road projects.

“As the Belt and Road enters its next phase, Malaysia stands ready to contribute as a partner of substance—not only as a hub for Islamic capital, but also as a source of technical and financial innovation,” he said. - October 29, 2025

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