Malaysia’s draft climate change bill seeks to establish emissions trading scheme

Quick Summary:

Emissions thresholds will be set for organisations, starting with hard-to-abate sectors or large emitters.

The draft bill also grants power to the environment minister to set national climate targets, subject to approval from Cabinet.

The fund will draw on sources including the national budget allocation to NRES, fees from carbon trading participants and project developers, international financing and philanthropy, said the draft bill.

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Article Details

Author / Journalist: Samantha Ho

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Climate Regulation Climate finance Legislation Governance Carbon credits Carbon accounting Decarbonisation Climate law Carbon trading Reporting

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 07:04:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1044 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Eco-Business

News ID: 22943504

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