Kuala lumpur: The National Carbon Market Policy (DPKK) is a transformative framework to operationalise Malaysia's commitments under the Paris Agreement and push the country towards net-zero emissions by 2050, said Deputy Prime Minister Datuk Seri Fadillah Yusof. He highlighted that the DPKK, developed by the Ministry of Natural Resources and Environmental Sustainability (NRES), will bolster the Bursa Carbon Exchange (BCX) and integrate carbon markets with the National Energy Transition Roadmap (NETR), the New Industrial Master Plan 2030 (NIMP 2030), and the Carbon Capture, Utilisation and Storage (CCUS) Act 2025.
According to BERNAMA News Agency, Fadillah, who also serves as the Minister of Energy Transition and Water Transformation, mentioned that the DPKK will lay the groundwork for future domestic compliance mechanisms, including carbon tax or emissions trading. "Around the world, climate accountability is reshaping economies. Carbon is becoming currency. Sustainability is becoming competitive," he stated during the Tropical Crops Carbon Credit Forum (TCCCF) 2025.
Fadillah also outlined that the forthcoming National Climate Change Bill will ensure the integrity of Malaysia's carbon credits, making sure that every traded tonne of carbon signifies real and measurable impact. He stressed that Malaysia's palm oil, rubber, rice, bamboo, and forest landscapes are not just economic commodities but living carbon sinks with the potential to capture emissions, restore soils, and rejuvenate ecosystems.
He added that if managed sustainably, these resources can position Malaysia as a global leader in the tropical carbon economy, focusing on climate resilience, green innovation, and ethical stewardship. To lead this transition, Malaysia is enhancing its governance, policies, and institutional frameworks, with collaborations across government agencies, universities, financial institutions, global partners, and industries to create solutions tailored to Malaysia's unique biodiversity, soil, landscapes, and social fabric.
Fadillah concluded that this forum represents a combination of scientific knowledge, economic insight, and environmental stewardship, highlighting collaboration as essential for Malaysia's success in the tropical carbon economy.