Foreign carbon imports under Fed admin, Putrajaya to refine CCUS framework with Sarawak
By DayakDaily Team KUCHING, Nov 12: Federal Government will work with Sarawak to refine the Carbon Capture, Utilisation and Storage (CCUS) framework to prevent regulatory overlap, particularly in matters involving international carbon trade, Economy Minister Akmal Nasrullah Mohd Nasir said. According to a TVS report, he said coordination with Sarawak was crucial given that the State has its own legislative framework, as well as the potential to serve as a storage destination for carbon dioxide…
Malaysia's federal government will collaborate with Sarawak to refine the carbon capture, utilisation and storage framework, aiming to avoid regulatory overlap in international carbon trade and assess Sarawak's storage potential.
Economy Minister Akmal Nasrullah said coordination with Sarawak is crucial for CCUS policy.
Sarawak has its own legislative framework and could store imported carbon dioxide.
The government seeks to prevent overlaps in carbon taxes and ensure investment certainty.
Summarised automatically by AI from the original article by DayakDaily. AI can make mistakes, so check the original for details.
KUCHING, Nov 12: Federal Government will work with Sarawak to refine the Carbon Capture, Utilisation and Storage (CCUS) framework to prevent regulatory overlap, particularly in matters involving international carbon trade, Economy Minister Akmal Nasrullah Mohd Nasir said.
According to a TVS report, he said coordination with Sarawak was crucial given that the State has its own legislative framework, as well as the potential to serve as a storage destination for carbon dioxide imported from abroad.
He stressed that international cooperation involving carbon importation and storage must take into account the respective jurisdictions and interests of both governments to ensure investments are carried out in an orderly manner.
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