Asia School of Business

Global Inquiry, Local Heart

Malaysia’s Long Road to Carbon Pricing

Pieter E. Stek (Opinion Piece)

As world leaders prepare to gather in Antalya, Turkey, for their annual COP climate conference, Malaysia is awaiting the tabling of its National Climate Change Bill (RUUPIN). The legislation is expected to give the federal government the power to regulate greenhouse gas (GHG) emissions, an important step towards meeting Malaysia’s 2050 net-zero climate commitment. It has been a long wait, with carbon pricing included in the 2021-2025 12th Malaysia Plan, as well as in several federal budgets tabled since then.