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

 Johari Ghani says he is currently reviewing the draft and plans to engage with industry players to gather input.

Acting natural resources and environmental sustainability minister Johari Ghani said the bill is still in the drafting stage and has yet to be presented to the Cabinet.

KUALA LANGAT:

 The proposed National Climate Change Bill will include incentives for companies that successfully reduce their carbon emissions, says acting natural resources and environmental sustainability minister Johari Ghani.

He 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 is still in the drafting stage and has yet to be presented to the Cabinet.

Johari said he is currently reviewing the draft, and plans to engage with industry players, including Bursa Malaysia, to gather input and guidelines, and that the details will be disclosed to the public once the bill is 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 following an event at Pulau Carey today.

On May 29, natural resources and environmental sustainability ministry secretary-general, Ching Thoo, was reported as saying that the bill is expected to be tabled in August. - FMT