Wong Hon Wai asked What Was The Ministry's Position in Regulating Carbon Trading Activities

 nst / March 01, 2022

Tuan Ibrahim: Putrajaya learned about Sabah's carbon deal from the news

KUALA LUMPUR: The Federal government was not informed about Sabah's Nature Conservation Agreement (NCA) which is under fire from environmentalists.

Environment and Water Minister (Kasa) Datuk Seri Tuan Ibrahim Tuan Man who disclosed this in Dewan Rakyat today said this was a stumbling block for his ministry in terms of giving the public any details with regard to the content of the agreement in question.

He said the information received by the ministry was only through reports and written statements from representatives of the Sabah state government that were published in the media.

"The federal government was not informed, consulted, and involved by the state government in the negotiation for the NCA. With this regard, Kasa is not able provide a detailed explanation of the agreement's contents."

Tuan Ibrahim however said that if the NCA agreement had standards similar to internationally accredited carbon credit transactions, it would then have a direct impact on Nationally Determined Contributions(NDCs) achievements and the country's net-zero greenhouse gas emission aspirations.

"The Environment and Water Ministry also always welcomes the Sabah state government to consult and involve the federal government and other stakeholders in discussions on the NCA agreement and the carbon market mechanism in the future," he said.

Tuan Ibrahim said this in reply to Wong Hon Wai (Bukit Bendera) who asked what was the ministry's position in regulating carbon trading activities such as carbon trading agreements between the Sabah government and foreign companies.

Sabah's controversial carbon credit deal had drawn criticism from environmentalists as being a means to legitimise the surrender of two million hectares, or more than half of Sabah's forests for the pilot project.

It was further criticised as the role of the Singapore-based firm that was to receive 30 per cent of profits for the project had yet to be explained.

Sabah's Deputy Chief Minister Datuk Seri Jeffrey Kitingan had earlier said that the states targets minting RM5.6 billion, yearly by tapping into the forests through carbon credits and other nature monetising deals as a base.

He said the money was expected to be raised "without cutting a single tree, and at the same time, preserve and safeguard the interests of indigenous communities," while adding that it was expected to attract private funding of up to US$10 billion (RM41.8 billion).

Malaysia is expected to model the European Union in set up of their carbon trading market. The system was set to be developed together with the Finance Ministry, Bursa Malaysia and other stakeholders.

Tuan Ibrahim had told the Dewan Rakyat that the domestic carbon trading market that was in the works would be Shariah-compliant. No concrete updates have followed since.

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz had announced in October last year that the Voluntary Carbon Market (VCM) was expected to be launched in Bursa Malaysia in efforts to achieve carbon-neutral status by 2050.

https://www.nst.com.my/news/nation/2022/03/775910/tuan-ibrahim-putrajaya-learned-about-sabahs-carbon-deal-news

Wong Hon Wai Meminta Menyatakan Pendirian Kerajaan Persekutuan Dalam Kawal Selia Aktiviti Perniagaan Karbon

 Sinarharian / 01 Mac 2022

Tuan Ibrahim berucap pada Mesyuarat Pertama Penggal Kelima, Parlimen ke-14 di Bangunan Parlimen pada Selasa.

KUALA LUMPUR - Kerajaan Persekutuan tidak dimaklumkan, dirujuk dan dilibatkan dalam proses rundingan Perjanjian Konservasi Alam Semulajadi (NCA) antara kerajaan negeri Sabah dengan syarikat asing yang berdaftar di Singapura.

Menteri Alam Sekitar dan Air, Datuk Seri Tuan Ibrahim Tuan Man berkata, disebabkan ketiadaan maklumat, kementeriannya tidak tidak dapat memberikan penjelasan terperinci mengenai kandungan perjanjian tersebut.

Jelasnya, maklumat yang diterima Kementerian Alam Sekitar dan Air (KASA) hanya melalui kenyataan media dan kenyataan bertulis daripada wakil kerajaan negeri Sabah yang dilaporkan di media.

“Sekiranya perjanjian NCA tersebut mempunyai aspek transaksi kredit karbon antarabangsa, maka ia akan memberi impak secara langsung kepada pencapaian Sumbangan Nasional yang Ditentukan (NDC) dan aspirasi pelepasan gas rumah kaca (GHG) sifar bersih negara.

“Kementerian Alam Sekitar dan Air juga sentiasa mengalu-alukan kerajaan negeri Sabah untuk merujuk dan melibatkan kerajaan Persekutuan dan pemegang taruh lain di dalam perbincangan berkaitan perjanjian NCA dan mekanisme pasaran karbon pada masa akan datang,” katanya.

Beliau berkata demikian ketika menjawab pertanyaan Wong Hon Wai (PH-Bukit Bendera) yang memintanya menyatakan pendirian kerajaan Persekutuan dalam kawal selia aktiviti perniagaan karbon (carbon trading) seperti perjanjian perniagaan karbon antara kerajaan negeri Sabah dengan syarikat asing.

https://www.sinarharian.com.my/article/190408/BERITA/Nasional/Kerajaan-pusat-tidak-dilibatkan-dalam-rundingan-NCA

Wong Hon Wai asked for the Environment and Water Ministerin Regulating Carbon Trading Activities

Malaymail / 01 March 2022

Environment minister: Putrajaya was not consulted on Sabah’s carbon trade deal

Datuk Seri Tuan Ibrahim Tuan Man during the winding up session of the Special Meeting of the Dewan Rakyat January 20, 2022. — Bernama pic

KUALA LUMPUR, March 1 ― Environment and Water Minister (Kasa) Datuk Seri Tuan Ibrahim Tuan Man told Parliament today that the Sabah state government did not inform Putrajaya about its controversial Nature Conservation Agreement (NCA), which has drawn flak from environmentalists.

He said this prevented his ministry from providing any detailed information as to the content of the said agreement.

Tuan Ibrahim said that the information received by the ministry was only through media statements and written statements from representatives of the Sabah state government as reported in the media. 

“For the information of the honourable member, the federal government was not informed, consulted, and involved by the Sabah state government in the negotiation process for the NCA agreement. In this regard, Kasa is unable to provide a detailed explanation of the contents of the agreement.

“If the NCA agreement has aspects of international carbon credit transactions, then it will have a direct impact on the NDC’s (Nationally Determined Contributions) achievements and the country’s net-zero GHG (greenhouse gas) emission aspirations. The Environment and Water ministry also always welcome the Sabah state government to consult and involve the federal government and other stakeholders in discussions on the NCA agreement and the carbon market mechanism in the future,” he said.

Tuan Ibrahim was responding to a question by Wong Hon Wai (Bukit Bendera) who asked for the ministry’s stance in regulating carbon trading activities such as carbon trading agreements between the Sabah government and foreign companies.  

Sabah had early this year come under scrutiny for a controversial carbon credit deal that could see up to two million hectares, or more than half of Sabah’s forests, being put up for a pilot project.

The deal drew flak for its lack of transparency, and for also involving a little-known Singapore-based firm that was to receive 30 per cent of profits.

In January, Sabah’s deputy chief minister Datuk Seri Jeffrey Kitingan said that the state aims to earn up to RM5.6 billion annually by leveraging on its forests in carbon credits and other nature monetising deals.

The state agriculture and fisheries minister said the state has taken steps to modernise the industry and create a new source of income by monetising Sabah’s many natural assets.

“This funding with nature conservation and carbon trading will unlock the conservation assets. We expect to raise RM2.2 billion to RM5.6 billion annually without cutting a single tree, and at the same time, preserve and safeguard the interests of indigenous communities.

“The success of the Nature Conservation Agreement is expected to attract private funding of up to US$10 billion (RM41.8 billion),” he said.

In December last year, Tuan Ibrahim told the Dewan Rakyat that the planned domestic carbon trading market, a complex mechanism to incentivise a reduction in carbon emission, will be Shariah-compliant.

The federal government said it would seek to follow the European Union in setting up a domestic carbon trading market to cut carbon emissions.

Tuan Ibrahim was reported saying in September that a domestic emissions trading scheme will be developed by the Environment and Water Ministry and carried out jointly with the Finance Ministry, Bursa Malaysia and other “stakeholders”.

Details of the carbon trading market is scant but the Voluntary Carbon Market (VCM) initiative is expected to be launched on Bursa Malaysia in efforts to achieve carbon-neutral status by 2050, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz announced in October last year.

He said the initiative would act as a “voluntary platform for carbon credit trading between green asset owners and others in the move towards low-carbon practices”.

The VCM will be part of Putrajaya’s green technology and sustainable drive.

Tengku Zafrul had said future spending plans would be aligned to green budgeting, in line with the government’s commitment to environmentally-friendly development projects and programmes.

https://www.malaymail.com/news/malaysia/2022/03/01/environment-minister-putrajaya-was-not-consulted-on-sabahs-carbon-trade-dea/2044675

Wong Hon Wai asked Environment and Water Ministry on Existing Mechanisms and Laws to Regulate Carbon Business in Malaysia

 Bernama / 01.03.2022

KASA drafting law to regulate carbon trading

KUALA LUMPUR,  March 1  -- The Environment and Water Ministry (KASA) is drafting a a law to regulate carbon trading activities and is expected to ready by end of the year, said its minister, Datuk Seri Tuan Ibrahim Tuan Man.

He said the ministry had developed a Voluntary Carbon Market (VCM) as a general guide for any entities in the country such, as the private sector and state governments, wishing to engage in voluntary and international carbon markets.

"The cabinet has also agreed with KASA's proposal to develop a single carbon trading platform. We have discussed the matter with Bursa Malaysia and InsyaAllah, by the end of 2022, Bursa Malaysia is expected to complete the development phase for carbon trading at the national level," he added.

He said this during the Minister's Question Time in response to a supplementary question from Wong Hon Wai (PH-Bukit Bendera) on existing mechanisms and laws to regulate carbon business in Malaysia.

To a question from Charles Anthony Santiago (PH-Klang) on ​​short-term and long-term plans for repair of the drainage system in Klang, Tuan Ibrahim said the Drainage and Irrigation Department  (DID) was ready with the plan.

"The short-term plan involves a river rehabilitation project to reduce flood risk which has been approved by the federal government under the 12th Malaysia Plan (RMK-12) for Selangor," he said.

Tuan Ibrahim said the Second Rolling Plan (RP2) of the 12MP involved 13 works, which are in the implementation stage and the remaining 37 projects, in the procurement stage , involving a total cost of RM10 million.

For the long-term plan, he said the DID was implementing the Sungai Aur Bank Stabilisation Project in Klang, involving cost of RM10.32 million,  and expected to be completed on March 9, 2023 , as well as the Sungai Kapar Kecil and Sungai Kapar Besar Flood Mitigation Plan in Klang and Petaling with an allocation of RM188 million.

https://web15.bernama.com/en//news.php?id=2056972

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