Investors push for carbon pricing mechanisms, but developers resist

Quick Summary:

Regulation is a crucial factor that investors consider before funding carbon projects, experts said at a recent event in Malaysia.

Developers argue that the system does not need to be perfect to kickstart projects.

Arshad Nuval Othman, sustainable finance head from CIMB Islamic Bank, said a carbon pricing mechanism, whether an emission trading system or carbon tax, is a key consideration for financiers looking to invest in carbon projects.

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Article Details

Author / Journalist: Siva Selan

Category: EconomyBusiness

Markets: SingaporeIndonesiaMalaysiaMyanmar

Topics: Legislation Regulation Public-private partnership Financing Climate ASEAN Carbon offsetting Carbon footprint Climate finance Carbon trading Investment Decarbonisation Impact investing Carbon credits Compliance Sustainable development Emissions Carbon neutral Carbon tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 10:09:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1026 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22162840

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News Last Updated: 1 days ago

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