Malaysia moves to address climate change

by | Oct 13, 2021 | NATIONAL, NEWS | 0 comments

Prime Minister Datuk Seri Ismail Sabri Yaakob said since the nation is not spared from climate change, it hopes to reduce the intensity of greenhouse gas (GHG) emission across the economy by 45 percent based on the Gross Domestic Product in the year 2030.

The reduction of intensity was made unconditionally and is 10 percent higher than the earlier target and the stand of the country would be tabled at the United Nations Framework Convention on Climate Change (UNFCCC) COP 26 in Glasgow, Scotland from Oct 31 to Nov 12.

Datuk Seri Ismail Yaakob said the country’s stand had been discussed and deliberated at the highest level in the country through the Malaysia Climate Change Action Council (MyCAC).

Malaysia will also highlight at the World Leaders Summit on Nov 1 and Nov 2 the country’s aspiration to achieve net-zero GHG emissions as early as 2050 in which the achievement is subject to findings of the Long-Term Low Emissions Development Strategy which would be finalised next year.

Also to be raised is the implementation of the Domestic Emissions Trading Scheme (DETS) by the Environment & Water Ministry with the co-operation of the Finance Ministry and Bursa Malaysia Berhad.

The scheme involves the development of a sole platform for the transaction of carbon credit at domestic level.