Pioneer firm to enhance carbon stock

Not oil and gas, but an interesting trade to look into.

Dateline 2017-02-02, Borneo Post Online:

Malaysia’s first carbon credit rating company hopes to see other states follow Kelantan’s move after the state has given the company 25 per cent of its land mass for forest preservation and to reduce carbon dioxide (CO2) emissions.

Under the United Nations (UN) collaborative programme – Reducing Environment from Deforestation and Degradation (REDD), Climate Change Protector (CCP) Sdn Bhd was given 396,000 hectares of forest to preserve the flora and fauna of the region.

The company, specialising in renewable and sustainable energy, received the project under UN’s REDD initiative for a 30-year concession period with the Kelantan state government.

CCP chief executive officer Tang Too Siah said the recent memorandum of agreement (MoA) signed on January 9 was the Kelantan state government’s initiative to protect the region from illegal and legal mining activities.

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