The National Climate Change Bill is set to undergo at least a first reading in the current parliamentary session, marking a significant step toward strengthening climate governance and supporting Malaysia’s carbon reduction commitments, Deputy Minister of Natural Resources and Environment Syed Ibrahim Syed Noh said.
Speaking in the Dewan Rakyat, Syed Ibrahim highlighted that the ministry is finalising the National Carbon Market Policy, which will complement the bill by establishing a legal framework to regulate greenhouse gas emissions and oversee carbon trading activities, including Internationally Transferred Mitigation Outcomes (ITMO), in line with Malaysia’s commitments under the Paris Agreement.
Both the bill and the policy are designed to improve transparency and accountability through rigorous carbon emission measurement and reporting, directly supporting the country’s Nationally Determined Contributions (NDC).
Syed Ibrahim also pointed to Malaysia’s potential to become a regional carbon trading hub, which could drive sustainable green economic growth across the region.
The ministry conducted at least 13 engagement sessions with state governments and held public consultations between October and December last year. Further dialogues with industry players and non-governmental organisations are planned to ensure the bill and policy are effectively implemented.
