Kelantan and firm ink agreement to audit its carbon credits


  • Nation
  • Tuesday, 10 Jan 2017

KOTA BARU: Kelantan has signed a two-year contract with a company to audit carbon credits available in its permanent forest reserves.

Mentri Besar Datuk Ahmad Yakob said the agreement between the state government and Climate Protectors Sdn Bhd yesterday was significant.

He said Climate Protectors will contribute a sum of RM10mil within 24 months to the state.

Climate Protectors is a company situated in Kuala Lumpur and specialises in renewable & sustainable Energy (such as Solar, Hydro, Bio-Mass and Carbon Credit) with its main focus on Clean and Green Technology.

Ahmad said the firm will be rewarded with a 30-year concession to work on 360,000ha of permanent forest reserve to audit its carbon emissions.

Under the programme – known as “Reducing Emissions From Deforestation and Forest Degra­dation” (REDD) – the company will first audit the carbon credits available in the approved areas and then trade it at the international carbon credit stock exchange.

Ahmad said the state government will take 55% of the profits with 45% going to the company.

“The Kelantan government is always concerned about the forest and this is proof that we will protect the forest for our future generations,’’ he added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

News , bureaus

   

Next In Nation

SESB reminds the public not to carry out activities on its properties, utilities
DNB: 5G accessible in 38% of populated areas, integrated sites capable of almost 50% coverage
Dr Zaliha, Malaysia's first Health Minister to chair WHO executive board meeting
Johor Ruler to attend Thaipusam celebrations in Skudai
Kota Kinabalu LHDN service counters temporarily relocated to Dewan Menara Hasil
New scam sees groups on WhatsApp and Telegram claiming to ‘collect funds’ on behalf of Bank Negara
Staff shortage, patient load led Klang hospital to close emergency dept green zone
Abandoned as a baby, Hashimah no longer in limbo after getting IC
Sand mining operator lodges police report after stand-off with NGOs over turtle landing site in Lumut
Some 50% of Ipoh's populated areas have 5G coverage, says mayor

Others Also Read