Tax and Malaysia's carbon neutrality ambition

The government announced that carbon pricing instruments will be introduced, in the form of carbon tax and a domestic emissions trading scheme (DETS).

DURING the recent unveiling of the 12th Malaysia Plan (12MP), the government announced an ambitious goal for Malaysia to achieve carbon neutrality by 2050.

Among others, the Prime Minister emphasised on the acceleration of green economy growth and energy sustainability as the core elements for socio-economic development.