Petroliam Nasional Bhd (PETRONAS) and the Terengganu government, through the Terengganu Economic Planning Unit, have signed a memorandum of understanding (MoU) to explore the development of nature-based solutions (NbS) projects in the state.
Under the agreement, both parties will work together to identify and assess potential sites in Terengganu for nature-based carbon projects that meet international certification standards.
PETRONAS said the initiatives aim to generate high-quality carbon credits while also delivering benefits to local communities and supporting environmental conservation efforts.
Nature-based solutions involve actions such as conserving, restoring and sustainably managing natural ecosystems to reduce and remove greenhouse gas emissions.
The carbon credits generated from these projects will support PETRONAS in managing residual and hard-to-abate emissions, in line with its goal of achieving net zero carbon emissions by 2050.
The MoU was signed by PETRONAS senior general manager for nature and corporate sustainability Giulia Sartori and Terengganu state secretary Datuk Mohd Azmi Mohamad Daham.
Sartori said the collaboration will support climate-positive initiatives that strengthen resilience, protect biodiversity and create value for local communities. She added that it builds on PETRONAS’ long-standing presence in Terengganu.
Mohd Azmi said Terengganu’s natural ecosystems have strong potential to support climate change mitigation efforts. He added that the collaboration will help Malaysia reduce carbon emissions while ensuring environmental conservation benefits the people of the state.
