National Climate Change Bill to include incentives for carbon reduction, says Johari

The Star

5 days ago

KUALA LANGAT: The proposed National Climate Change Bill will include incentives for companies that successfully reduce their carbon emissions, says Datuk Seri Johari Abdul Ghani.
The acting Natural Resources and Environmental Sustainability Minister said, among other things, the Bill may also include provisions for the implementation of carbon credits, which would further support the national agenda to achieve net-zero carbon emissions by 2050.
He added that the Bill was still in the drafting stage and had yet to be presented to the Cabinet.
Johari said that he was currently reviewing the draft, and planned to engage with industry players, including Bursa Malaysia, to gather input and guidelines, and that the details would be disclosed to the public once the Bill was finalised.
"The first draft is already out, but I need to review it thoroughly to ensure that the (proposed) law to be tabled is acceptable to the industry, and can achieve its intended objectives,' he said.
He said this when speaking to reporters after launching the B30 Biodiesel pilot project at Guthrie's Golden Hope Academy in Pulau Carey on Friday (July 18).
On May 29, Natural Resources and Environmental Sustainability Ministry secretary-general, Datuk Dr Ching Thoo, was reported as saying that the Bill was expected to be tabled in August.- Bernama