Tag: policy
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Malaysia’s Voluntary Carbon Market
The first auction on the Bursa Carbon Exchange (BCX), Malaysia’s new voluntary carbon market, took place on March 16 with around RM7.7 million in carbon credits sold. Although the auction was described in the official press release as evidence of “strong interest and [a] healthy price signal by the domestic corporate sector”, it must be…
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In EU-Malaysia Trade Relations, Urgent Need to Address Carbon Pricing
On 23 December deputy prime minister Fadillah Yusof complained about the European Union’s (EU) new regulations banning the import of commodities linked to deforestation. He called the restrictions “unfair”, based on “unsound reasoning” and said they were “offensive to Malaysia”. Fadillah’s comments are only the latest salvo by a Malaysian minister against the EU, with…