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

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