Malaysia CDM plans to focus on renewable energy

24 June 2008 15:38  [Source: ICIS news]

SINGAPORE (ICIS news)--The priority for Clean Development Mechanism (CDM) projects in Malaysia will be renewable energy and energy efficiency projects, said Marcus Chee, director of the Business Council for Sustainable Development Malaysia, on Tuesday.

 

“The renewable energy sector, as such, biogas, biofuels and biomass have many areas for potential CDM project development”, he said at the Carbonmarkets Asia 2008 conference in Singapore.

 

The Malaysian Ministry of Natural Resources and the Environment will continue to develop policies, direction, strategy, criteria and guidelines for the implementation at the national level which will in turn help to support sustainable business growth for corporations. 

 

“The transportation and industrial sector made up the lion share of Malaysia’s CO2 emissions from fuel combustion, representing 49% and 41% respectively. Switching to alternative cleaner fuel sources and motor replacements would be excellent potentials for CDM projects”, he said.

 

Climate changes issues have recently gained ground for discussions as countries which have ratified the Kyoto Protocol are obligated to reduce their Green House Gas (GHG) emissions by a collective average of 5% below their 1990 levels between 2008-2012.

 

The two-day Carbonmarkets Asia Conference ends on Wednesday.


By: Bohan Loh
+65 6780 4359



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