Malaysia’s Sarawak state passes landmark bill to buck trend on forest carbon for VCM

Published 11:23 on May 20, 2022  /  Last updated at 11:23 on May 20, 2022  /  Asia Pacific, Climate Talks, Nature-based, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

The Malaysian state of Sarawak will be the Southeast Asian country’s first jurisdiction to establish rules for forest carbon activity with the successful passage in the state’s legislative assembly of a forestry bill on Thursday.

The Malaysian state of Sarawak has passed a bill that sets out Paris Agreement-aligned rules for generating forestry-based offsets for the international voluntary carbon market.

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