Malaysia legislation

Section 33

of ENVIRONMENT (REDUCTION OF GREENHOUSE GASES EMISSION) ORDINANCE, 2023

Section 33

The Registrar shall:

(a)

have custody and control of the Carbon Register of the

Carbon Credit Units issued for activities and projects in the State;

(b)

enter into the Register of all Carbon Credit Units issued under this Ordinance or under the Forests (Forest Carbon Activity)

Rules, 2022 [Swk. L.N. 350/2022];

(c)

register all transactions relating to the Carbon Credit

Units including sales, retirement, and cancellation thereof including any Carbon Credit Units in a Register account used for payment of carbon levy;

(d)

ensure no double counting of the Carbon Credit Units;

(e)

to record in the Carbon Register all information and data contained in the Register kept under Rule 27 of the Forests (Forest

Carbon Activity) Rules, 2022 [Swk. L.N. 350/2022];

(f)

record all activities and projects from which the Carbon

Credit Units has been issued;

(g)

maintain Register accounts for Carbon Credit Units of registered business entities including records of retirement, cancellation and removal of Carbon Credit Units therefrom;

(h)

ensure accuracy, consistency and transparency of reporting for issuance of Carbon Credit Units;

27

(i)

communicate with Carbon Standard Administrators on all matters pertaining to the Carbon Credit Units issued for activities or projects in Sarawak; and

(j)

prepare and submit to the Minister, for information of

Majlis Mesyuarat Kerajaan Negeri at the end of every calendar year, the number of Carbon Credit Units verified, issued, sold, or retired and any other matters connected with the Carbon Credit

Units issued for activities or projects in Sarawak.

Carbon Credit Units Register

Section 33 — ENVIRONMENT (REDUCTION OF GREENHOUSE GASES EMISSION) ORDINANCE, 2023