Malaysia legislation

Section 42

of CARBON CAPTURE, UTILIZATION AND STORAGE ACT 2025

Section 42

(a)

fulfilling any obligations assumed by the Government pursuant to the transfer of obligations under section 32

or 40;

(b)

long-term monitoring of the carbon dioxide stored within a storage site to ensure that the carbon dioxide is safely and permanently stored; and

(c)

carrying out any corrective measures or remediation measures.

(2)

Notwithstanding subsection (1), all monies earned from investments financed from the Fund referred to in paragraph 41(2)(c)

may also be expended for the purpose of promoting the development of the carbon capture, utilization and storage industry in Malaysia generally.

Carbon Capture, Utilization and Storage 29

Power to invest