It is risky to assume the many high-level standard-setting initiatives today can provide blanket improvements. Asian businesses all have a part to play to create a trusted carbon market that benefits climate, nature and stakeholders.
House Bill 7705, the low carbon economy bill, could help the climate-vulnerable nation seize the economic opportunities that come with decarbonisation.
Malaysia is expected to launch its first local nature-based carbon credit but it faces a jurisdictional quagmire, wherein forest management is predominantly governed by state authorities.