Sarawak to Complete Emissions Trading Scheme Framework by 2026, Aiming for 2027 Implementation
Sarawak's Emissions Trading Scheme framework is set for completion by end-2026, with a rollout planned for 2027. The Sarawak government is collaborating with the World Bank to establish mechanisms for carbon trading. Key enablers include regulatory frameworks, finance, technology, and human capital, with challenges in securing funding for green initiatives. Public awareness and talent development are also emphasized as crucial for the scheme's success.
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The framework for Sarawak's Emissions Trading Scheme (ETS) is expected to be finalized by the end of 2026, with implementation aimed for 2027. The government is partnering with the World Bank to create policies for carbon trading.
Four enablers have been identified: regulatory support, finance, technology, and human capital. The finance sector poses challenges due to insufficient support for green initiatives. The state is enhancing technical skills in clean energy and carbon trading, working with international firms in the hydrogen sector. Public awareness and talent development are deemed essential for the ETS's success.
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