BCX first started carbon credit trading back in September 2023 and has now introduced RECs, a new product offering, supplied by Sarawak Energy Berhad, from its Murum hydropower plant. The RECs will be issued under the International Tracking Standard Foundation, an internationally recognised body facilitating standardised schemes on RECs around the globe.

As part of the fight against climate change, RECs have been developed as market-based initiatives to serve as a globally recognised tool for supporting clean energy production. They track and certify that one megawatt-hour (MWh) of electricity was generated from a renewable source and fed into the electricity grid.

Purchasing RECs enables the owner of the REC to claim the environmental benefits such as the reduced carbon footprint and to demonstrate their commitment to sustainability. Additionally, it provides financial support for the relevant renewable energy project that produces them, making the project more financially viable and, in turn, increases production of green energy and decrease greenhouse gas emissions.