About MCMA
Established on 3 July 2024 and headquartered in Kuala Lumpur, the Malaysia Carbon Market Association (MCMA) is a non-profit organisation representing the Malaysian carbon market. The association is a consortium of key players drawn from Malaysia’s private and public sectors, contributing towards the development of the country’s carbon market ecosystem.
Our Vision
Making Malaysian carbon markets accessible to all
Our Mission
Vibrant Carbon Market
Vibrant Carbon Market
MCMA advocates for a vibrant carbon market ecosystem in Malaysia. This includes accelerating demand, catalyzing supply, and facilitating the development of high-quality carbon projects that utilize both technology and nature-based solutions.
National Policies Contribution
We contribute to the formulation of national policies. The goal is to ensure that compliance and voluntary carbon markets can effectively and equitably contribute towards Malaysia's Net Zero goal by 2050.
Talent Development
Vibrant Carbon Market
The Association also contributes toward talent development to achieve the highest level of professionalism, knowledge, and competency in the carbon markets.
Collaboration
Vibrant Carbon Market
MCMA collaborates with international and domestic carbon partners in both the public and private sectors. The aim is to foster a greater and interoperable carbon markets to enhance carbon price efficiency and channel funding support towards carbon projects in developing and emerging economies.
Frequently Asked Questions
1. What is a carbon credit? A carbon credit is a tradable certificate representing one metric tonne of carbon dioxide equivalent (tCO₂e) that has been reduced, avoided, or removed from the atmosphere. Not all carbon credits are of equal quality, so buyers should verify the legitimacy of each credit before purchasing. (1,2,3)
2. What makes a carbon credit "real"? A legitimate carbon credit must represent a measurable, independently verified reduction or removal of one metric tonne of greenhouse gases. The emissions benefit must be documented, traceable, and recorded in a recognized carbon registry. (1,2,3)
3. What does "additionality" mean? A project is considered additional only if it would not have happened without carbon credit funding. If a project was already required by law, already profitable, or already common practice, issuing carbon credits for it may not create any extra climate benefit. (1,2,3)
4. How do you tell if a carbon credit may be fake? If the organization promoting the credit cannot clearly identify:
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- The project's name
- Its location
- The methodology used
- Independent audit results
- The registry where the credits are listed
Legitimate projects should have publicly available information that can be independently checked. (1)
5. Are legitimate carbon credits publicly recorded? Yes. Reputable carbon credits are usually listed in public registries such as:
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- Verra
- Gold Standard
- American Carbon Registry (ACR)
- Climate Action Reserve (CAR)
These registries maintain records of project details, credit issuance, transfers, and retirements. (1)
6. Can a carbon credit project fail? Yes. For example, a forest may be destroyed by fire, disease, or illegal logging, releasing stored carbon back into the atmosphere. This is why permanence and risk management are important considerations. (1)