National Climate Change Bill to include incentives for carbon reduction, says Johari
The acting Natural Resources and Environmental Sustainability Minister said, among other things, the Bill may also include provisions for the implementation of carbon credits, which would further support the national agenda to achieve net-zero carbon emissions by 2050.
He added that the Bill was still in the drafting stage and had yet to be presented to the Cabinet.
Johari said that he was currently reviewing the draft, and planned to engage with industry players, including Bursa Malaysia, to gather input and guidelines, and that the details would be disclosed to the public once the Bill was finalised.
"The first draft is already out, but I need to review it thoroughly to ensure that the (proposed) law to be tabled is acceptable to the industry, and can achieve its intended objectives,' he said.
He said this when speaking to reporters after launching the B30 Biodiesel pilot project at Guthrie's Golden Hope Academy in Pulau Carey on Friday (July 18).
On May 29, Natural Resources and Environmental Sustainability Ministry secretary-general, Datuk Dr Ching Thoo, was reported as saying that the Bill was expected to be tabled in August.- Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Bursa Malaysia is most likely to continue its upward trend this week
KUALA LUMPUR (Bernama): Bursa Malaysia is likely to maintain its upward bias from Monday (July 21), building on the renewed buying interest seen over the past two sessions, said UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan. He foresees the FTSE Bursa Malaysia KLCI (FBM KLCI) trading within the 1,540-1,550 range, potentially retesting levels recorded prior to the deadline of the reciprocal tariff deferral. "While (the United States) President Donald Trump's administration has yet to announce any formal amendments to Malaysia's tariff arrangement, the precedent set by recent favourable outcomes for Indonesia and Vietnam lends credence to the prospect of Malaysia's 25 per cent tariff being reviewed,' he told Bernama. Furthermore, he said the stronger-than-expected second-quarter gross domestic product figure should offer a constructive backdrop for market sentiment in the week ahead. "In our assessment, the combination of resilient domestic growth and compelling equity valuations, particularly within a selectively risk-on environment is likely to continue attracting foreign investor interest into the Malaysian market,' he added. According to the Statistics Department Malaysia (DoSM), Malaysia's economy is forecast to grow by 4.5 per cent in the second quarter of 2025 (2Q 2025) based on advance gross domestic product (GDP) estimates, slightly outpacing the previous quarter's 4.4 per cent. Growth is expected to be driven by robust domestic demand amid global headwinds. For the week just ended, the benchmark index fell 10.21 points to 1,525.86 from 1,536.07 a week earlier. The FBM Emas Index declined 63.75 points to 11,479.83, the FBMT 100 Index dropped 67.05 points to 11,241.69, the FBM Emas Shariah Index slid 14.60 points to 11,537.87, the FBM 70 Index shed 63.63 points to 16,697.72, while the FBM ACE Index rose 133.62 points to 4,671.79. By sector, the Financial Services Index dipped 253.30 points to 17,354.83, the Plantation Index reduced 8.56 points to 7,441.89 and the Energy Index went up 1.51 points to 739.13. Weekly turnover narrowed to 15.53 billion units worth RM11.77 billion from 16.21 billion units worth RM11.43 billion in the previous week. Main Market volume fell to 6.73 billion units valued at RM10.07 billion, compared with 6.99 billion units valued at RM10.02 billion previously. Warrant turnover depreciated to 6.83 billion units worth RM966.72 million from 7.82 billion units worth RM911.38 million a week earlier. ACE Market volume widened to 1.97 billion units valued at RM729.96 million versus 1.41 billion units valued at RM490.78 million previously. - Bernama
Free Malaysia Today
8 hours ago
- Free Malaysia Today
National Climate Change Bill to include incentives for carbon reduction, says minister
Acting natural resources and environmental sustainability minister Johari Ghani said the bill is still in the drafting stage and has yet to be presented to the Cabinet. KUALA LANGAT : The proposed National Climate Change Bill will include incentives for companies that successfully reduce their carbon emissions, says acting natural resources and environmental sustainability minister Johari Ghani. Johari said the bill, among other things, may include provisions for the implementation of carbon credits, which would further support the national agenda to achieve net-zero carbon emissions by 2050. He said the bill is still in the drafting stage and has yet to be presented to the Cabinet. He is currently reviewing the draft, and plans to engage with industry players, including Bursa Malaysia, to gather input and guidelines. The details will be disclosed to the public once the bill is finalised. 'The first draft is already out, but I need to review it thoroughly to ensure that the (proposed) law to be tabled is acceptable to the industry, and can achieve its intended objectives,' he said following an event at Pulau Carey today. On May 29, natural resources and environmental sustainability ministry secretary-general Ching Thoo was reported as saying the bill is expected to be tabled in August.
The Sun
9 hours ago
- The Sun
Over 100 ministers and MPs join Ukhuwah Madani programme in Port Dickson
PORT DICKSON: Over 100 Unity government leaders, including Cabinet ministers and Members of Parliament, took part in a community gotong-royong today as part of the MADANI Government Ukhuwah Leadership programme. The event, held in the district, aimed to strengthen ties between leaders and the public in a relaxed and inclusive setting. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi and Communications Minister Datuk Fahmi Fadzil were among the leaders who arrived at Kampung Sawah early in the morning. They were briefed by the village head before engaging in the Sejahtera Komuniti MADANI event. Other notable attendees included Health Minister Datuk Seri Dr Dzulkefly Ahmad, Women, Family and Community Development Minister Datuk Seri Nancy Shukri, and Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. Later, Home Minister Datuk Seri Saifuddin Nasution Ismail, Works Minister Datuk Seri Alexander Nanta Linggi, and Human Resources Minister Steven Sim joined the programme at Kampung Teluk Pelandok Fishermen's Jetty. They participated in painting activities and interacted with residents. Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun also attended, spending nearly 30 minutes at the jetty. Saifuddin described the programme as a meaningful way to connect with the community and understand their economic potential. The event also featured free distribution of 3,000 fresh chickens to residents, Rahmah sales booths, and a kenduri rakyat. A group of 37 MPs later visited the Army Basic Training Centre (PUSASDA) mosque for a painting activity, joined by Deputy Prime Minister Datuk Seri Fadillah Yusof and Selangor Menteri Besar Datuk Seri Amirudin Shari. Prime Minister Datuk Seri Anwar Ibrahim and Cabinet members also attended the kenduri rakyat at Dataran Kampung Pachitan later today, concluding the programme. - Bernama
