Latest news with #B30Biodiesel
New Straits Times
4 days ago
- Business
- New Straits Times
Jo Ghani: National Climate Change Bill to include incentives for carbon reduction
KUALA LANGAT: The proposed National Climate Change Bill will include incentives for companies that successfully reduce their carbon emissions, said Acting Natural Resources and Environmental Sustainability Minister, Datuk Seri Johari Abdul Ghani. He said 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 is still in the drafting stage and has yet to be presented to the cabinet. Johari said he is currently reviewing the draft and plans to engage with industry players, including Bursa Malaysia, to gather input and guidelines. He added that the details would 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. He said this when speaking to reporters after launching the B30 Biodiesel pilot project at Guthrie's Golden Hope Academy in Pulau Carey today. On May 29, Natural Resources and Environmental Sustainability Ministry secretary-general, Datuk Dr Ching Thoo, was reported as saying that the bill is expected to be tabled in August.
The Star
4 days ago
- Business
- The Star
National Climate Change Bill to include incentives for carbon reduction, says Johari
KUALA LANGAT: The proposed National Climate Change Bill will include incentives for companies that successfully reduce their carbon emissions, says Datuk Seri Johari Abdul Ghani. 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
The Sun
4 days ago
- Business
- The Sun
National Climate Change Bill to offer carbon reduction incentives
KUALA LANGAT: The upcoming National Climate Change Bill will introduce incentives for companies that successfully cut carbon emissions, Acting Natural Resources and Environmental Sustainability Minister Datuk Seri Johari Abdul Ghani announced. The bill, still in drafting, may also incorporate carbon credit mechanisms to accelerate Malaysia's net-zero emissions target by 2050. Johari confirmed the draft is under review, with plans to consult industry stakeholders, including Bursa Malaysia, before finalising the legislation. 'The first draft is already out, but I need to review it thoroughly to ensure the proposed law is industry-friendly and effective,' he said. The minister shared these details after launching the B30 Biodiesel pilot project at Guthrie's Golden Hope Academy in Pulau Carey. Earlier reports indicated the bill could be tabled in August, as stated by ministry secretary-general Datuk Dr Ching Thoo. - Bernama
