RM10m seed fund for M'sian-generated carbon credit to kickstart market

The government is committing to a seed fund amounting to RM10 million to act as an assured demand of Malaysian-generated carbon credits to kickstart the market to support the national journey to achieve net zero as early as 2050.

Prime Minister Anwar Ibrahim said there is a need for an enhanced focus on investments in green growth areas including hydrogen technology, bioenergy and electric mobility — enablers of green adoption across sectors as well as future economic engines.

"A key part of the emphasis on these areas is ensuring that Malaysians also gain from the transfer of high-tech knowledge and skills while prioritising research and...