KUALA LUMPUR — The government will intensify efforts to implement a comprehensive green economy agenda under the 13th Malaysia Plan (13MP), with a wide range of initiatives aimed at promoting environmental sustainability and accelerating the nation’s transition to low-carbon development.

Prime Minister Datuk Seri Anwar Ibrahim, when tabling the nation’s five-year plan in the Dewan Rakyat today, said the green economy will serve as a development model that prioritises environmental stewardship while creating new, sustainable economic opportunities.

As part of this effort, carbon trading will be streamlined through the introduction of the National Carbon Market Policy, the implementation of an Emissions Trading Scheme (ETS), and the provision of incentives for carbon credit projects.

“Apart from that, activities related to carbon capture, utilisation and storage (CCUS) will also be intensified and integrated into the nation’s green investment and financing taxonomy,” he said.

The Prime Minister said the government will also launch a pilot carbon capture project in the iron and steel industry, specifically in Kemaman, Terengganu, as part of efforts to decarbonise heavy industry.