KUCHING, Feb 7 — The state government will collaborate with credible private sector players to capitalise on carbon market potential, including payment for ecosystem services within the legal framework to ensure transparency and accountability, said Chief Minister Tan Sri Abang Johari Openg.
“The average carbon sequestration of tropical forest, such as forests in Sarawak, is approximately 11 tonnes of Carbon Dioxide equivalent per hectare. “We are establishing direct linkages with regional retailers to build direct supplier models. We encourage private sector with capital, expertise and technology as well as off-takers to venture into upstream production of our premium fruits, vegetables, livestock and seafood to be developed from farm to table especially for targeted high-income countries.