Ecological Fiscal Transfer to benefit several states

PETALING JAYA: The allocation of RM150mil for the Ecological Fiscal Transfer (EFT) under Budget 2023 is expected to benefit states like Sarawak, Sabah, Pahang, Terengganu, Perak, Kelantan and Kedah, says Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.

The states have previously received funds under EFT, which serves as an incentive for state governments to keep and preserve their forests that could otherwise be used for logging.