Ministry to develop DETS as catalyst for domestic carbon trading sector, says Tuan Ibrahim

Carbon Trading

PUTRAJAYA (Sept 18): A domestic emissions trading scheme (DETS) will be developed by the Environment and Water Ministry (KASA) to serve as a catalyst for the country’s carbon trading sector.

Its minister, Datuk Seri Tuan Ibrahim Tuan Man, said its development would be carried out jointly with the Finance Ministry, Bursa Malaysia and other stake holders to enhance the capabilities of industry players in producing products and services that are competitive at the level international.

The Cabinet, at its meeting yesterday,  has in principle agreed to KASA’s proposal to develop DETS, as well as on the Voluntary Carbon Market guide, he said in a statement today.