National Climate Change Bill to institutionalise mandatory carbon accounting, says Arthur Kurup

Malay Mail News & blogs · 52 min ago

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Arthur said the National Carbon Market Policy, launched in April, established a transparent and high-integrity regulatory framework for voluntary and compliance markets, with clear Monitoring, Reporting and Verification (MRV) standards aligned with Article 6 of the Paris Agreement.
“Through the Green Technology Financing Scheme 5.0, we support the industry by providing government guarantees that help reduce financing risks and ease access to financing for green projects,” he said.
At the sub-national level, Arthur said the ministry was working with state governments and local authorities to accelerate green technology adoption, including through the Low Carbon Cities Framework, which enables local councils to measure, manage and reduce urban emissions.

Sentences selected automatically from the original article by Malay Mail.

Also reported by Bernama

KUALA LUMPUR, Oct 8 — The proposed National Climate Change Bill will institutionalise mandatory carbon accounting and clear governance to give businesses the legal certainty needed to decarbonise.

Natural Resources and Environmental Sustainability (NRES) Minister Datuk Seri Arthur Joseph Kurup said the legislation, alongside the National Climate Change Policy 2.0, would align Malaysia’s environmental agenda with the National Energy Transition Roadmap (NETR) and New Industrial Master Plan 2030 (NIMP 2030).

He said the measure would also strengthen investor confidence and encourage domestic and international investment in clean technologies.

“With our upcoming National Climate Change Bill, we will institutionalise mandatory carbon accounting and clear governance to give businesses the legal certainty they need to decarbonise,” he said in his opening remarks at the 17th International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2026, held alongside the Kuala Lumpur Sustainability Summit (KLSS) 2026 at Kuala Lumpur Convention Centre, today.

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National Climate Change Bill to institutionalise mandatory carbon accounting, says Arthur Kurup

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