Feasibility of introducing a carbon tax

THE implementation of a carbon tax in Malaysia holds significant practical implications as the nation strives to address environmental challenges and transition to a low-carbon economy.

This policy tool – which is gaining global recognition – is designed to mitigate the impact of carbon emissions on climate change and foster sustainable practices. Malaysia’s commitment to achieving the United Nations’ Sustainable Develop-ment Goals (SDGs) by 2030 is further underscored by the potential benefits of a carbon tax. [The SGDs are a collection of 17 interlinked objectives designed to serve as a “shared blueprint for peace and prosperity for people and the planet”.]