Kitingan proposes carbon trading centre to be located in Sabah

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Kitingan proposes carbon trading centre to be located in Sabah
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KOTA KINABALU: Datuk Seri Dr Jeffrey Kitingan has proposed for a carbon exchange centre, similar to that in foreign countries actively involved in the carbon trading market, to be located in Sabah.

The Deputy Chief Minister said he had suggested the idea to Datuk Seri Anwar Ibrahim during a previous private discussion with the Prime Minister.

“We have some two million hectares for conservation and we have a product to sell to the world and to attract investments,” he added. The deal is also known as the Nature Conservation Agreement which has been a point of contention in Sabah. The NCA was intended to initially involve some 600,000ha of Sabah’s totally protected areas and could entail some two million hectares in future.In February last year, the state government clarified that the controversial NCA was still not enforceable as due diligence was still being conducted on the third-party company involved.

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