Sarawak needs law to claim carbon credit, says Abang Johari

November 8, 2020

I gotta get into this racket.

Dateline 2020-10-19, Malay Mail:

Sarawak would have to legislate a law in order to claim for carbon credit, says Chief Minister Datuk Patinggi Abang Johari Tun Openg.

He said at the moment, the state does not have provisions in its law to treat carbon credit as a trading commodity.

“We have to upgrade our law so that we are able to claim carbon credit and then be recognised as a green state,” he said at the Memorandum of Agreement (MoA) signing ceremony between Craun Research Sdn Bhd and Knowledge Integration Services (Singapore) Pte Ltd and Nitsei Sago Industries Sdn Bhd held at a hotel here today.

Carbon credit is a term for any tradeable certificate or permit that aims to reduce the emission of greenhouse gases into the atmosphere while promoting the use of renewable energy.

Abang Johari pointed out that Sarawak is currently on the right track towards producing green technology.

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Pioneer firm to enhance carbon stock

March 5, 2017

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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