KOTA KINABALU: Sabah is a step closer to becoming the first state in Malaysia to get into the business of carbon trading amidst growing global concerns on climate change.
Last week, the state legislative assembly approved an amendment to its Forestry Enactment, paving the way for the Sabah Government to collect revenue for carbon sequestration – which is a process of storing carbon from the atmosphere – by maintaining its forests.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!