KUCHING: Sarawak is embarking on a strategic collaboration with a Singapore entity as part of efforts to attract investors under its green economy initiatives.
This comes after state agency InvestSarawak signed a memorandum of understanding (MoU) with Surbana Jurong Pte Ltd at the United Nations Climate Change Conference in Dubai on Tuesday (Dec 5).
Premier Tan Sri Abang Johari Tun Openg said the MoU would cover industry transformation; energy transition and industrial decarbonisation; carbon capture, usage and storage decarbonisation as well as industrial park development and management.
"This is a natural progression following the completion of a master plan for the development of industrial terminals in Sarawak that Surbana Jurong did for the state government.
"The master plan has identified challenges and opportunities for Sarawak's industrial landscape, such as green economy opportunities and developing skill sets to equip the people of Sarawak for these opportunities," he said after the MoU signing ceremony.
Abang Johari has reiterated Sarawak's commitment to sustainable development, saying that the state had taken proactive steps to ensure responsible growth, promoting economic prosperity, social inclusivity and environmental sustainability in its post-Covid development strategy up to 2030.
In addition, he said Sarawak became the first state in Malaysia to introduce a law on carbon emissions after the Environment (Reduction of Greenhouse Gases Emission) Bill was passed on Nov 21.
"The Bill is designed to safeguard Sarawak's environment by implementing concrete strategies to reduce the emission of greenhouse gases.
"It will also help to promote carbon capture and storage that will help to mitigate the impact of climate change while providing a platform for Sarawakians to participate in carbon mitigation projects that will earn carbon credits for their efforts," he said.
He added that Sarawak's ongoing initiatives in green hydrogen, micro algae, sustainable aviation fuel and biomass projects were done in view of a better future for the state and planet.