Malaysia legislation
Section 21
of ENVIRONMENT (REDUCTION OF GREENHOUSE GASES EMISSION) ORDINANCE, 2023
Section 21
⎯(1) Notwithstanding any other provisions in this Ordinance, prior to the issuance of any Carbon Credit Units for activities or projects undertaken in the State towards reduction or abatement of emission of greenhouse gases, the validation and verification of such activities or projects shall be carried out in accordance with this Ordinance or
Carbon Standard Rules by Carbon Standard Administrator and the criteria for the issuance of such Carbon Credit Units as stipulated by rules made under section 57 shall be satisfied.
(2)
All costs and expenses for the validation and verification of the activities or projects for the issuing of Carbon Credit Units shall be borne by the party seeking issuance of Carbon Credit Units.
Crediting of Carbon Credit Units