Latest news with #AsiaCarbonConference
Malay Mail
6 days ago
- Business
- Malay Mail
Sarawak launches Malaysia's first Sustainability Blueprint 2030 to drive green economy
KUCHING, May 29 — Sarawak has become the first state in Malaysia to launch a Sustainability Blueprint 2030, marking a major step towards building a greener and more sustainable future. Premier Tan Sri Abang Johari Tun Openg said the blueprint, developed by the Ministry of Energy and Environmental Sustainability Sarawak (MEESty), features 10 strategic thrusts, 48 strategies and 111 action plans. 'This comprehensive document, meticulously crafted and recently finalised by our MEESty, serves as our strategic roadmap for Sarawak's profound transition to a green economy. 'The Sarawak Sustainability Blueprint 2030 encompasses every facet of our sustainability agenda, designed to integrate green principles into the very fabric of our society and economy,' he said in his keynote address at the Asia Carbon Conference 2025 here today. He said the blueprint sets a strong example for environmental action at the state level. Abang Johari said the strategic roadmap for Sarawak's profound transition to a green economy also outlines the state's commitment to accelerating the renewable energy transition, advancing carbon capture and storage, as well as enhancing forest and land conservation. It includes promoting green industries and investments, building sustainable cities through circular economy practices and developing a future-ready workforce through education, skills and research. Looking ahead, he said Sarawak has pledged to publish a comprehensive Greenhouse Gas (GHG) Inventory report by 2027 to track the state's emissions and stay within its carbon budget. Meanwhile, he said the Sarawak government is finalising its own Carbon Plan aimed at facilitating carbon market investments in the state. 'The Carbon Plan is pivotal to offer a detailed implementation framework designed to catalyse carbon trading and foster a vibrant carbon market. 'Central to the Carbon Plan is its focus on establishing a well-regulated and investor-friendly carbon market that balances supply and demand, thereby incentivising emissions reductions and attracting green investments to Sarawak,' he added. — Bernama
The Star
6 days ago
- Business
- The Star
Sarawak launches sustainability blueprint for green economy
KUCHING: Sarawak's newly launched sustainability blueprint will serve as a strategic roadmap for the state's transition to a green economy, says Tan Sri Abang Johari Openg. The Sarawak Premier said the blueprint is a pioneering effort by a Malaysian state and added that it was recently finalised by the state Energy and Environmental Sustainability Ministry. He noted it is built on 10 strategic thrusts, 48 detailed strategies, and 111 actionable plans. "The Sarawak Sustainability Blueprint 2030 encompasses every facet of our sustainability agenda, integrating green principles into the fabric of our society and economy," he said. He spoke while launching the blueprint at the Asia Carbon Conference on Thursday (May 29). Abang Johari said the document outlines Sarawak's commitment to accelerating its renewable energy transition by advancing carbon capture and storage. It also focuses on enhancing forest and land conservation and promoting green industries and investments. It aims to build sustainable cities through circular economy practices and develop a future-ready workforce through education, skills, and research. According to a slide presentation, the blueprint's goals are economic growth and prosperity, environmental stewardship, and a healthy, resilient, and inclusive community. Its strategic thrusts include energy transition, sustainable agriculture and food security, sustainable mobility, and circular economy. Other thrusts are sustainable manufacturing, sustainable mining, stewardship of natural assets, sustainable cities, inclusive social equity, and integrated tourism development. Abang Johari also said Sarawak is finalising a Carbon Plan to facilitate carbon market investments in the state. He said the plan would offer a detailed implementation framework for carbon trading. "Central to the Carbon Plan is its focus on establishing a well-regulated and investor-friendly carbon market," he said. This market will balance supply and demand, incentivising emissions reductions and attracting green investments to Sarawak. Additionally, Abang Johari said Sarawak is reviewing the statutory fee structure for carbon projects to enhance investor interest. He said the state is also finalising its carbon levy framework to price carbon emissions accurately and encourage responsible practices. "Sarawak is committed to aligning our carbon initiatives with international standards," he added. This ensures that the state's contributions to global climate action are transparent and verifiable.
