: The Ministry of Natural Resources and Environmental Sustainability is conducting a study on the National Carbon Market Policy , slated for completion next year, the Dewan Rakyat was told today.
He said that the policy was also in line with the Nationally Determined Contributions Roadmap to reduce the intensity of greenhouse gas emissions by 45 per cent by 2030. “The ministry will continue to hold discussions with state governments regarding the carbon market mechanism since matters related to land and forestry fall within the jurisdiction of the state government,“ he said during the question and answer session.
In response to Ali’s supplementary question regarding the government’s plan to introduce the carbon tax, Nik Nazmi said the Ministry of Finance, which is responsible for overseeing taxation matters, has commenced discussions with stakeholders, while NRES has provided technical input to the process.
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