DPKK A TRANSFORMATIVE FRAMEWORK TO ACHIEVE NET-ZERO EMISSIONS BY 2050 - FADILLAH

KUALA LUMPUR, Nov 24 (Bernama) -- 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 said the DPKK, developed by the Ministry of Natural Resources and Environmental Sustainability (NRES), will strengthen 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.

Fadillah, who is also the Minister of Energy Transition and Water Transformation, said the DPPK will also lay the foundation for future domestic compliance mechanisms, including carbon tax or emissions trading.

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“Around the world, climate accountability is reshaping economies. Carbon is becoming currency. Sustainability is becoming competitive.

“Today, Malaysia stands ready to do the impossible, to turn nature into a national asset, to turn tropical crops into climate champions and to turn carbon management into shared prosperity,” he said when officiating the Tropical Crops Carbon Credit Forum (TCCCF) 2025 here today.

In parallel, Fadillah said the forthcoming National Climate Change Bill will safeguard the integrity of Malaysia’s carbon credits, ensuring that every tonne of carbon traded reflects real and measurable impact.

He also emphasised that Malaysia’s palm oil, rubber, rice, bamboo and forest landscapes are not merely economic commodities, but living carbon sinks capable of capturing emissions, restoring soils and rejuvenating ecosystems.

If managed sustainably, he said, these resources can position Malaysia as a global leader in the tropical carbon economy, a leader not just in production but in climate resilience, green innovation and ethical stewardship.

To lead this transition, Malaysia is strengthening its governance, policies and institutional frameworks, as collaborations across government agencies, universities, financial institutions, global partners and industries are essential to crafting solutions tailored to Malaysia’s biodiversity, soil, landscapes and social fabric.

As such, he said this forum embodies that wisdom, combining scientific knowledge, economic insight and environmental stewardship into a shared journey for Malaysia, where collaboration is essential for the country to succeed in the tropical carbon economy.

-- BERNAMA