Carbon tax is strong signal to OGSE industry to up its green game, says MPRC

  • 📰 staronline
  • ⏱ Reading Time:
  • 39 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 75%

Budget 2025 News

Carbon Tax,Petaling Jaya,OGSE Industry

Self-compassion has made me understand that I, too, deserve attention, kindness, and love directed towards myself when I am having a difficult time.

PETALING JAYA: The new carbon tax announced in Budget 2025 is a call from the government for the oil and gas services and equipment industry to participate in the energy transition.

"MPRC commends Budget 2025’s focus on a green, digital, and resilient future that includes all Malaysians as we aim for high-income status. Many of the initiatives announced under Budget 2025 will create opportunities for the OGSE sector, especially as we continue to tackle the energy transition and move higher up the green value chain," he said.

"Expanding tax incentives for downstream carbon products under the New Investment Incentive Framework underscores Malaysia’s understanding of the importance of CCUS in achieving net-zero emissions. "These will benefit the OGSE sector in managing the increasing requirements to comply with sustainability, which is crucial for accessing finance and investments," Mohd Yazid said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines