YOKOHAMA: A total of seven study permits and one forest carbon licence have been issued in Sarawak to date.
The permit and licence are part of Sarawak’s effort to explore the potential of the carbon credit market as a vital part of its strategy to achieve carbon neutrality.
“By monetising the carbon sequestration capabilities of its vast forests and wetlands, Sarawak aims to create an additional revenue stream that supports conservation efforts, economic diversification and greenhouse gas (GHG) emission reduction,” said Deputy Minister for Urban Planning, Land Administration and Environment Datuk Len Talif Salleh.
He was speaking at the 60th International Tropical Timber Council meeting in Yokohama, Japan recently.
Len Talif said the state’s transition to a greener energy mix is remarkable, considering the substantial shift from 92 per cent fossil fuels in 2010 to 70 per cent in 2024.
“Our renewable hydropower will be among the main engines for achieving the climate goal of transition from CO2-producing electricity generation to green and reuseable energy,” he added.
During the meeting, Len Talif shared Sarawak’s initiatives with International Tropical Timber Council (ITTO) member countries to reduce greenhouse gas emissions, promote sustainability and diversify its economy.
The initiatives reflect Sarawak’s steadfast commitment to cultivating a green economy, positioning Sarawak to achieve net-zero carbon emissions by 2050.
He welcomes collaboration and support from the international bodies and ITTO member countries in Sarawak’s journey towards carbon neutrality, particularly in research and development initiatives that leverage innovative approaches to forest management, landscape restoration, conservation and forest social dimension.
