Malaysia legislation
Section 19
of ENVIRONMENT (REDUCTION OF GREENHOUSE GASES EMISSION) ORDINANCE, 2023
Section 19
⎯(1) Sale of Carbon Credit Units issued for activities or projects in the State shall be carried out in accordance with the applicable Carbon Standards Rules, and such sale shall be reported electronically to the Registrar by the submission of a prescribed form and shall be subject to subsection (2).
(2)
The sale of such Carbon Credit Units shall be subject to payment of carbon levy as provided under section 24.
Retirement of Carbon Credit Units