Business

‘S’wak’s carbon-trading framework will be of international standard’

Premier Tan Sri Abang Johari Openg tasks state deputy minister to study matter

Updated 3 years ago · Published on 26 Aug 2022 3:03PM

‘S’wak’s carbon-trading framework will be of international standard’
Sarawak’s recently passed Land Code (Amendment) Bill 2022 gives the state better provisions on carbon storage and trading, according to Premier Tan Sri Abang Johari Openg (pic). – Bernama pic, August 26, 2022

MIRI – The Sarawak government will learn from other countries as well as major global institutions to come out with an internationally recognised framework for carbon storage and trading in the state.

Premier Tan Sri Abang Johari Openg said the state has recently passed the Land Code (Amendment) Bill 2022, which gives it better provisions on carbon storage and trading.

He said following this, a framework that complies with international standards is needed and the state deputy Energy and Environmental Sustainability minister Hazland Abang Hipni has been tasked to look into the matter.

“I have sent Dr Hazland to Lisbon, Portugal (to learn from them) and we are also working together with Verra (the Verified Carbon Standard programme) in order to find a concrete proposal in terms of carbon trading.

“This (carbon trading) is something new and the international protocol is already there, and we have to comply with the international protocol on carbon trading,” he said in his speech during a ceremony to hand over a symbolic letter of award for the construction and fit-out of Shell Malaysia Upstream Headquarters here, today.

The newly constructed multi-tenanted office building – with Shell as its anchor tenant – will be a sustainable and energy-efficient building located at Miri Times Square.

The new building will include electric vehicle charging bays, solar panels, rainwater harvesting and a dedicated garden area. – Bernama, August 26, 2022

Related News

Malaysia / 4d

Minister: Sarawak made right decision to reject entry of Rohingya refugees in 2017

Malaysia / 2w

Sarawak seeks China collaboration to fix growing doctor shortage

Malaysia / 3w

What matters: Policies that truly understand the rakyat

Malaysia / 1mth

Sarawak wants to take over several more strategic entities from the Federal Government

Malaysia / 1mth

Author warns against taking Sabah, Sarawak harmony for granted

Malaysia / 1mth

No disruptions to healthcare services despite budget cuts, assures minister

Spotlight

Malaysia

World Cup betting crackdown nets three women in Kuching

Malaysia

Schoolboy suspended after allegedly choking classmate in canteen seat dispute

Malaysia

Grandfather sentenced to 33 years jail, 14 strokes for sexual assault against granddaughters

Malaysia

Court slams 'fishing expedition' subpoena, frees Datuk Seri Anwar Ibrahim from testifying

By Alfian Z.M. Tahir

Malaysia

PKR mulls legal action over Rafizi and Nik Nazmi exit to Bersama

Malaysia

44-year-old woman charged with murder of Indonesian

Malaysia

Muhyiddin calls for Perikatan Nasional meeting at Bersatu headquarters today

Malaysia

Removable sunshades allowed as long as visibility unaffected – minister clarifies

You may be interested

Business

Robo.ai in US$60 million deal to acquire QC Capital, accelerating global AI push

By Alfian Z.M. Tahir

Business

Selangor eclipses rival states with RM33 billion investment surge

Business

Oil prices slide as US-Iran peace deal raising hopes of supply recovery

Business

US dollar surges to three-month high as Fed signals possible rate hike

Business

Greenback surges to thirteen month high