Malaysia proposes Asean standard for carbon projects as it launches its first nature-based credits

Quick Summary:

A regional standard is needed to ensure the credibility of carbon credits, Malaysia's natural resources minister said at the Unlocking capital for sustainability event in Kuala Lumpur.

I met my counterpart and we’re trying to bring about an Asean framework for the carbon market, so we have a standard that is recognised,” he said.

The minister said an Asean framework for carbon projects is necessary to ensure the credibility of carbon credits.

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Article Details

Author / Journalist: Siva Selan

Category: EconomyBusiness

Markets: SingaporeIndonesiaLaosMalaysiaPhilippinesThailand

Topics: ASEAN Decarbonisation Climate Paris Agreement Carbon offsetting Carbon footprint Emissions Carbon credits Forests Nature-based solutions Carbon trading Carbon neutral Conservation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 11:08:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 938 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Eco-Business

News ID: 21855541

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