Why postponements in green power programme?
and AmBank Bhd as well as national oil company Petroliam Nasional Bhd and Permodalan Nasional Bhd, and resulted in the price-discovery of carbon credits from two new products offered – the Global Technology-Based Carbon Contract and the Global Nature-Based Plus Carbon Contract .
The voluntary carbon credit market pricing shows there’s appetite from buyers, albeit they have deep pockets, while the higher price of the GNC+ contracts shows the big potential for nature-based projects to churn out returns for rural communities and states in the country. To raise the carbon prices here, Bursa needs to internationlise the BCX to attract foreign inflows to help fund the country’s energy transition.
Much of the deterioration appears to be from apathy. It is also due to the lack of funds. When money is short and prioritised in wrong areas, then Malaysia has a problem It also aims at tackling the subject of subsidy and social protection to review and restructure existing subsidies while providing a more holistic social protection.
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