NST Leader: Decarbonising Malaysia


I don’t know how to classify this article, a hybrid of RE and O&G?

Dateline 2020-10-08, NST:

Businesses in Malaysia, like elsewhere, spill much ink in extolling the virtues of going green. Many stop at that.

Just look at the voluminous annual corporate social responsibility reports produced by companies and you learn, very quickly, why environmental degradation happens.

There is something promising happening in Malaysia that may compel companies to put their money where their mouth is, as the saying goes. Called Climate Change and Principles-based Taxonomy (CCPT), it is essentially a means to make transparent climate-related financial disclosures by financial institutions.

A multi-party effort led by Bank Negara Malaysia (BNM), CCPT began to get public attention when BNM issued it as a discussion paper on Dec 27 last year. The idea is older, perhaps as old as the Paris Climate Accord of 2015. Or older.

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