Our Country to Introduce Carbon Trading Bill by Year-End, Prime Minister: Drawing from Sarawak Carbon Bill
Published atNov 19, 2024 05:20 pm
(Kuching, 19th) The federal government will introduce a carbon trading bill in next month's parliamentary session, drawing from Sarawak's milestone carbon trading law, which will also be Malaysia's first-ever carbon trading law.
Sarawak Premier Datuk Patinggi Abang Johari said that Sarawak remains the only state in Malaysia with an independent carbon trading bill, having promulgated the Environment (Reduction of Greenhouse Gas Emissions) Regulations 2023 in November 2023.
The law regulates carbon capture, utilization, and storage (CCUS) activities and provides a framework for reducing greenhouse gas emissions, making Sarawak a pioneer in Malaysia's sustainable development plan.
“We are the only state with regulatory CCUS laws, and the federal government is now using our legislation (as a model), and they will introduce (their version) of the legislation in the December parliamentary session.
“We are the first state with such strict regulatory CCUS laws, and the federal government is coming to us for learning. With this, I believe the whole sustainable development issue and ecosystem are being implemented in Sarawak.”
Abang Johari said this while delivering a keynote speech at the 2024 RAM Sarawak Conference held today at the Sheraton Hotel in Kuching.
On June 12 this year, our Deputy Prime Minister Datuk Seri Fadillah Yusof revealed that Prime Minister Datuk Seri Anwar instructed him to study Sarawak's carbon trading law and to submit a carbon trading bill to the House of Representatives by the end of this year.
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