Carbon tax could generate up to RM1bil a year for govt

BIMB Research said it believes Malaysia’s carbon tax should start at a low rate and be gradually increased.

PETALING JAYA: The introduction of a carbon tax next year could add close to RM1bil to the government coffers annually, analysts say.

The sectors with high emissions are energy, and iron and steel, as these are among the largest contributors to the country’s carbon footprint, said BIMB Research.