Selangor examining mechanisms to develop carbon market policy

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SHAH ALAM: The Selangor government is exploring suitable methods and mechanisms to formulate a policy for the state’s carbon market, Menteri Besar Dat...

: The Selangor government is exploring suitable methods and mechanisms to formulate a policy for the state’s carbon market, Menteri Besar Datuk Seri Amirudin Shari said.

“This process is expected to take place next year in collaboration with the Ministry of Natural Resources and Environmental Sustainability and Malaysia Forest Fund, which will assist in coordinating the preparation of reports and action plans for the state government,” he said. In the meantime, Amirudin said the state government, through the Selangor Forestry Department and in collaboration with private companies, was in the early stages of implementing a carbon credit pilot project in the Raja Lumu Permanent Forest Reserve and the Klang Islands Permanent Forest Reserve.

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