Malaysia advances carbon market development with public-private dialogue

Malaysia held a Business Partnership for Market Implementation (B-PMI) workshop on 20 August 2026 in Kuala Lumpur, bringing together government and private sector representatives to discuss developing a carbon credit market. The event, organised by IETA, followed the April 2026 launch of Malaysia's National Carbon Market Policy, which provides a framework for a high-integrity domestic carbon market with international linkages. Keynote speaker YB Dato Sri Arthur Joseph Kurup, Minister for Natural Resources and Environmental Sustainability, emphasised the role of carbon markets in accelerating energy efficiency and adopting low-carbon technologies. The workshop concluded that compliance requirements are emerging as the most reliable source of demand for carbon credits, presenting an opportunity for Malaysia to develop its own credit registration and issuance framework. Carbon markets are expected to contribute to Malaysia's NDC target and its ambition to achieve net-zero emissions by 2050.

This summary was written by carbon.fyi from the reporting linked above. It is not a quotation; cite the original source.