Malaysia legislation
Section 18
of ENVIRONMENT (REDUCTION OF GREENHOUSE GASES EMISSION) ORDINANCE, 2023
Section 18
Trading of Carbon Credit Units
⎯(1) Carbon Credit Units may be traded in:
(a)
voluntary carbon markets; or
(b)
any emission trading scheme or market approved by guidelines issued by the Registrar under subsection (2), in accordance with the applicable Carbon Standards Rules or any rules made under section 57.
(2)
The Registrar, with the approval of the Minister, may issue guidelines for the trading of the Carbon Credit Units including those belonging to the Government, such guidelines shall include, but not limited to, types of market where such Carbon Credits Units be traded, sold or exchanged or be part of a Carbon Offset scheme allowed under an applicable Carbon Standard Rules.
Sale and other dealings of Carbon Credit Units