Time To Introduce The Malaysia Carbon Market Policy
Time To Introduce The Malaysia Carbon Market Policy
Essentially, all states within Malaysia need to agree on how to handle carbon tracking and forest management. However, for these attempts to work, federal and state governments need to strengthen their collaboration. The federal government should set national standards for carbon tracking and forest management. Subsequently, supportive action should be given to all states to implement the policy. The Malaysia National Carbon Market Policy should be promptly introduced so that the new bill of the National Climate Change Act can act as the main instrument for ensuring the effective operation of the national carbon market.Carbon credits are one type of compensatory mechanism for offsetting the emissions of carbon dioxide or other greenhouse gases. When a company buys a carbon credit, usually from the government, it gains permission to generate one ton of CO2 emissions. The first auction for Malaysian Carbon Credit was held by Bursa Carbon Exchange (BCX) recently. This is a monumental step toward admitting the first Malaysian nature-based carbon project onto the BCX. This is a testament to Malaysia's ability to develop its own carbon projects that meet international standards. Another feather in the cap, BCX is the world's first Shariah-compliant multi-environmental product exchange that facilitates the trading of carbon credits via standardised contracts.
碳信用額度是一種用於抵消二氧化碳或其他溫室氣體排放的補償機制之一。當公司購買碳信用額度時，通常來自政府，它獲得生成一噸CO2排放的許可。最近，馬來西亞碳信用額度的首次拍賣由馬來西亞碳交易所（BCX）舉行。這是朝着允許第一個馬來西亞基於自然的碳項目進入BCX邁出的里程碑。這證明了馬來西亞有能力開發符合國際標準的碳項目。BCX是全球第一個伊斯蘭教合規的多環境產品交易所，通過標準化合同促進碳信用的交易。
The lush forests in our country, which cover about 55.3% of the land area, are an important resource for capturing carbon. With an area of more than 18.27 million hectares, these forests are extremely important for removing carbon dioxide, which is one of the main gases that causes global warming. The World Bank estimates that the global market for carbon credits will reach USD 50 billion by 2030. This will be a significant source of income for a country with vast bioreserves like Malaysia.
我國鬱鬱蔥蔥的森林覆蓋着約55.3%的土地面積，是一個重要的碳捕集資源。這些森林佔地面積超過1827萬公頃，非常重要，可以除去二氧化碳，這是導致全球變暖的主要氣體之一。世界銀行估計，碳信用全球市場將在2030年達到500億美元。對於像馬來西亞這樣擁有廣闊生物儲備的國家來說，這將是一個重要的收入來源。
It must be noted that our forests can only reach their full potential if the federal and state governments work together, much like the spirit that established Malaysia in 1963. Article 74 of Malaysia's Federal Constitution gives state governments the power to control land use, which includes forestry. Hence, each state often has its approach to forest management.
必須注意，只有在聯邦和州政府像1963年建立馬來西亞的精神一樣共同努力，我們的森林才能充分發揮潛力。馬來西亞聯邦憲法第74條賦予州政府控制土地利用的權力，其中包括林業。因此，每個州通常都有其森林管理的方式。
Essentially, all states within Malaysia need to agree on how to handle carbon tracking and forest management. However, for these attempts to work, federal and state governments need to strengthen their collaboration. The federal government should set national standards for carbon tracking and forest management. Subsequently, supportive action should be given to all states to implement the policy. The Malaysia National Carbon Market Policy should be promptly introduced so that the new bill of the National Climate Change Act can act as the main instrument for ensuring the effective operation of the national carbon market.
基本上，馬來西亞所有州需要就如何處理碳跟蹤和森林管理達成一致意見。然而，要使這些嘗試奏效，聯邦和州政府需要加強合作。聯邦政府應制定碳跟蹤和森林管理的國家標準。隨後，應該爲所有州提供支持措施來執行該政策。馬來西亞國家碳市場政策應立即推出，以使《國家氣候變化法》的新法案成爲確保國家碳市場有效運行的主要工具。
Prof. Ir Ong Hwai Chyuan, Prof. Long Chiau Ming, Dr Woon Chin Ong, Sunway University
Ong Hwai Chyuan教授, Long Chiau Ming教授, Woon Chin Ong博士, Sunway University
