Kuala Lumpur:The proposed National Climate Change Bill aims to enforce mandatory carbon accounting and establish clear governance structures to provide businesses with the legal certainty required to pursue decarbonisation.
According to BERNAMA News Agency, the Minister of Natural Resources and Environmental Sustainability, Datuk Seri Arthur Joseph Kurup, stated that the legislation, in conjunction with the National Climate Change Policy 2.0, would align with Malaysia's National Energy Transition Roadmap and the New Industrial Master Plan 2030. This alignment is expected to bolster investor confidence and foster domestic and international investment in clean technologies.
Minister Arthur made these remarks at the 17th International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2026, held alongside the Kuala Lumpur Sustainability Summit 2026 at the Kuala Lumpur Convention Centre. The event was officiated by Deputy Prime Minister Datuk Seri Fadillah Yusof, who serves as the Minister of Energy Transition and Water Transformation.
Additionally, Arthur highlighted the National Carbon Market Policy, launched in April, which created a transparent regulatory framework for voluntary and compliance markets. This framework includes Monitoring, Reporting, and Verification standards that align with Article 6 of the Paris Agreement. The policy is designed to provide regulatory certainty for domestic developers and global investors, facilitating carbon credit trading and supporting decarbonisation in challenging sectors.
He also mentioned the Green Technology Financing Scheme 5.0, which offers government guarantees to mitigate financing risks and improve access to funding for green projects. This scheme, alongside the Green Investment Tax Allowance, is intended to enhance the feasibility of green investments and bolster project developers' confidence.
Furthermore, the Malaysian Green Technology and Climate Change Corporation is expanding tools like the MyHIJAU Mark to verify green products and services. This initiative aims to enable Malaysian businesses to participate in government green procurement and access high-value green supply chains throughout ASEAN.
At a sub-national level, the ministry is collaborating with state governments and local authorities to expedite the adoption of green technologies. This includes initiatives like the Low Carbon Cities Framework, which helps local councils measure, manage, and reduce urban emissions.
IGEM and KLSS are seen as complementary platforms that connect green technologies with industry leaders and local authorities, while also engaging regulators, financiers, and thought leaders on governance and transition finance to scale green technologies.
Since its inception, IGEM has generated over RM86 billion in business leads and attracted more than 700,000 participants globally. IGEM 2025, held alongside the inaugural KLSS, resulted in RM7.3 billion in potential green investments through structured business-matching sessions. The 17th IGEM, themed 'Race Towards Net Zero: Action Beyond Boundaries', is taking place from October 7 to 9 and is organized by the NRES and its agency, MGTC.