Choosing the right VVB for carbon projects
CARBON markets have become an important tool in addressing climate change by directing finance toward projects that reduce emissions or enhance carbon sequestration. These projects may include forest conservation, mangrove restoration, renewable energy development, or improved forest management. Regardless of project type, the credibility of carbon credits depends heavily on a process known as validation […]
How social scientists help in carbon credit projects
AS the world races to combat climate change, carbon credit projects have emerged as a promising mechanism to mitigate greenhouse gas (GHG) emissions. These projects, which assign a monetary value to carbon sequestration or emissions reductions, are often viewed through technical and ecological lenses. However, their success hinges not only on accurate carbon accounting and […]
Listing your carbon credit projects on a registry
RUNNING a carbon credit business is no easy task. You are navigating complex methodologies, coordinating with verifiers, balancing timelines, and making crucial decisions that impact both your credibility and bottom line. Among the most pressing decisions is where to register your project, and if you should register it at all. With a flood of recommendations […]
Accountants key to Sarawak’s carbon credit valuation, says Premier
KUCHING: Accountants and auditors play a crucial role in Sarawak’s efforts to navigate the complexities of global carbon trading and emission reduction strategies. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the state’s commitment to carbon reduction requires accountants to move beyond traditional practices and tackle the challenges of valuing carbon credits. “Carbon […]
Carbon trading under federal jurisdiction
KUCHING: The suggestion for carbon trading to be placed under the purview of the Federal Ministry of Plantation and Commodity is being discussed with the federal government. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said that presently matters pertaining to carbon are under the purview of the Ministry of Natural Resources, Environment and […]
Carbon credits can encourage emission reduction
KUCHING: To combat the effects of climate change, firms are being urged to take proactive measures to reduce their carbon emissions. One effective approach is through the use of cutting-edge technology and carbon pricing strategies, such as carbon credits. Universiti Malaysia Sarawak (Unimas) economist Jerome Kueh said it was important to strike a balance between […]
More job opportunities through carbon credit industry
THE introduction of the Forest (Amendment) Bill 2022 will provide more job opportunities for Sarawakians through the carbon credit industry. Billy Sujang (GPS-Opar) in support of the proposed amendment, said this was one of the Bill’s many benefits to come following its introduction. “Once approved, we can also introduce carbon stock as one of our […]