The Kuamut Rainforest Conservation Project is a forest carbon project, that is protecting and restoring 83,381ha of tropical forest in Sabah due to the high presence of orangutans and other wildlife in these areas. —WWF pic
THE Ministry of Natural Resources and Environmental Sustainability (NRES) has given its full support for the first offering of Malaysian Renewable Energy Certificates (RECs) and carbon credits for auction through the Bursa Carbon Exchange (BCX).
Carbon credits and RECs can potentially catalyse the development of low carbon projects to support Malaysia’s ambition to achieve a 45% reduction in emissions intensity based on GDP compared to 2005 levels by 2030 as outlined in Malaysia’s Nationally Determined Contributions (NDC).
