COP26: M’sia calls for developed countries to fulfil financing, technology transfer and capacity building obligations under Paris Agreement

PETALING JAYA: Malaysia has called for developed countries to fulfil their obligations on additional financing, technology transfer and capacity building under the Paris Agreement.

Environment and Water Minister Datuk Seri Tuan Ibrahim Tun Man said this when delivering his speech at the high-level segment of the United Nations Climate Change Conference of the Parties - known as the COP 26 - in Glasgow, Scotland, on Wednesday.

"Malaysia is of the opinion that the negotiating process for the implementation of the Paris Agreement is important to achieve the goal of limiting global temperature rise.

"It is important for the negotiating process to decide on the method of implementing the NDCs (Nationally Determined Contributions), as well as to develop a mechanism to cooperate among the different countries.

"However, the implementation of the Paris Agreement will need additional financing, technology transfer and capacity building for the developing countries.

"In this matter, we call on all developed countries to fulfil their obligations under the Paris Agreement," he said.

The over 190 countries attending the COP 26 are currently discussing the issue of climate finance, which was supposed to have taken off by 2020.

However, this has since been delayed to 2023, or the earliest by 2022.

Tuan Ibrahim, who is attending the COP meeting for the first time, said the Malaysian government had also agreed to support the Global Pledge on Methane and the Glasgow Leaders' Declaration on Forests and Land Use.

He also reiterated Malaysia's commitment to slash its greenhouse emissions intensity against its GDP by 45% by 2030 from 2005 levels and to achieve net zero by 2050.

To achieve this, Malaysia, he said, would be launching a carbon pricing policy in phases as well as aim for a 31% capacity for renewable energy by 2025 and 40% by 2035 in the national grid.

Other measures, he added, included a 100% procurement of non-internal combustion engines for government vehicles by 2030, keeping 50% of the country's forests, developing a National Adaptation Plan to deal with the impact of climate change, as well as implementing zero waste at landfills and increasing recyling rate to 40% by 2025.