KUALA LUMPUR, July 31 (Bernama) — The government will intensify efforts to implement a comprehensive green economy agenda under the 13th Malaysia Plan (13MP), with a wide range of initiatives aimed at promoting environmental sustainability and accelerating the nation\u2019s transition to low-carbon development.<\/p>\n\n\n\n
Prime Minister Datuk Seri Anwar Ibrahim, when tabling the nation\u2019s five-year plan in the Dewan Rakyat today, said the green economy will serve as a development model that prioritises environmental stewardship while creating new, sustainable economic opportunities.<\/p>\n\n\n\n
As part of this effort, carbon trading will be streamlined through the introduction of the National Carbon Market Policy, the implementation of an Emissions Trading Scheme (ETS), and the provision of incentives for carbon credit projects.<\/p>\n\n\n\n
\u201cApart from that, activities related to carbon capture, utilisation and storage (CCUS) will also be intensified and integrated into the nation\u2019s green investment and financing taxonomy,\u201d he said.<\/p>\n\n\n\n
The Prime Minister said the government will also launch a pilot carbon capture project in the iron and steel industry, specifically in Kemaman, Terengganu, as part of efforts to decarbonise heavy industry.<\/p>\n\n\n\n
Abwar said that to support national decarbonisation goals across key sectors, green financing mechanisms will be expanded to provide broader access for industry players and project developers.<\/p>\n\n\n\n
He also revealed that the government has drafted a Malaysian Aviation Sector Decarbonisation Roadmap, which outlines infrastructure development and the use of sustainable aviation fuel (SAF) to reduce carbon emissions from air travel.<\/p>\n\n\n\n
In parallel, the government will optimise agricultural waste to drive a circular economy, turning biomass into new sources of value-added products.<\/p>\n\n\n\n
\u201cAs such, the waste-to-energy plant programme will also be expanded through private sector collaboration to reduce the nation\u2019s reliance on landfills.<\/p>\n\n\n\n
\u201cAt the same time, the capacity of biodiesel blending depots in Sandakan, Lahad Datu, and Bintulu will be upgraded to support the increased use of alternative low-carbon fuels,\u201d he said.<\/p>\n\n\n\n
These initiatives underscore the government\u2019s commitment to embedding environmental responsibility into Malaysia\u2019s long-term economic strategy, making sustainability a central pillar of national development under 13MP\u2019s \u201cRedesigning Development\u201d framework.<\/p>\n\n\n\n
— BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
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