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Malaysia stepping up efforts to transition to low-carbon, climate-resilient economy, says finance minister | Malay Mail

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Malaysia stepping up efforts to transition to low-carbon, climate-resilient economy, says finance minister

KUALA LUMPUR, Oct 15 — Malaysia is at a tipping point in the fight against the climate and biodiversity crises, as it steps up efforts and commitments to transition to a low-carbon, climate-resilient economy, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said.

Tengku Zafrul said this in a virtual conference titled ‘Road to Glasgow and Kunming: Combating Climate Change and Biodiversity Loss in Malaysia’ today organised by WWF-Malaysia and the European Union Delegation to Malaysia. Meanwhile, Tengku Zafrul said his ministry has also aligned green agenda initiatives in Budget 2021 with Sustainable Development Goals and will carry on with the exercise in the upcoming Budget 2022 which will focus on recovery, resilience and reform.

The government will also continue to work on pricing the country’s emissions, and reducing reliance on hydrocarbons while retaining at least 50 per cent forest cover. With Malaysia considered as one of the world’s top biodiversity-rich countries, he said the 12MP has emphasised on protecting natural capital in order to stabilise the Malayan tiger population, and prevent biodiversity loss.

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