Malaysia legislation
Section 11
of ENVIRONMENT (REDUCTION OF GREENHOUSE GASES EMISSION) ORDINANCE, 2023
Section 11
⎯(1)
For the purposes of this Ordinance, and subject to subsection (2), any person undertaking the following activities or projects in the State shall be entitled for Carbon Credit Units:
(a)
carbon capture and use of the captured CO2 for other applications or in the making of other products;
(b)
permanent storage of CO2 at storage sites approved under the Carbon Storage Rules;
(c)
the direct capture or removal of CO2 from the atmosphere in accordance with the rules made hereunder;
(d)
forests carbon activities under the Forests (Forest
Carbon Activity) Rules, 2022 [Swk. L.N. 350/2022]; and
(e)
projects reducing energy consumption or using low carbon solutions including solar or wind energy and measures to be adopted to reduce electricity consumption and improve energy performance ratings in non-domestic buildings or dwellings, to reduce or abate carbon emission.
(2)
The undertaking of all such activities and projects shall comply with applicable Carbon Standard Rules and carbon reduction emissions levels verified under Voluntary Carbon Markets (VCM)
standards or by other Carbon Standard Administrator.
(3)
For the purpose of this Part, the Carbon Standard
Administrator shall be an international organisation for certification and verification of verified carbon standards and the issuance and registration of Carbon Credit Units appointed by the Board by notification in the Gazette.
Application for entitlement to the Carbon Credit Units