Malaysia legislation
Section 9
of ENVIRONMENT (REDUCTION OF GREENHOUSE GASES EMISSION) ORDINANCE, 2023
Section 9
⎯(1) Any facility, which is not listed in the scheduled economic sector in the First Schedule but whose process or activity results in carbon emission, may take measures to mitigate, reduce, abate or capture and store the greenhouse gas to reduce carbon emission for the purpose of applying for issuance of Carbon Credit Units under this
Ordinance.
(2)
Before the commencement of the process of mitigation, reduction, abatement or carbon capture and storage, the owner or the
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operator of the facility shall notify the Board by submitting to the Board in a prescribed form specifying the following:
(a)
the precise nature of the process generating the greenhouse gas;
(b)
the volume of greenhouse gas or CO2 intended to be reduced, abated, or captured and stored;
(c)
details of the particulars of the method or processes deployed for the reduction and abatement of carbon emission including the utilization of such greenhouse gases for any other purpose or application;
(d)
if carbon capture and storage is to be undertaken, the storage site wherein the captured CO2 will be stored together with a copy of the licence or storage permit issued under the Carbon
Storage Rules;
(e)
the mode of conveyance of the captured CO2 to the storage site; and
(f)
such other particulars on Emissions Reductions as the
Controller may require.
(3)
Commencement of the process of greenhouse gas reduction, abatement, and capture and storage of greenhouse gases shall not take place until the prescribed form in subsection (2) is submitted to the
Controller.
(4)
The facility which reduces, abates, and captures greenhouse gas shall notify the Controller in writing on the use of the captured greenhouse gas for any purpose or application and shall submit an annual report, not later than the 28th February of every calendar year, to the Controller on the volume of captured greenhouse gas used for the said purpose and the description, quantity and value of the products derived from the use or application of the captured greenhouse gas during the previous year ending 31st December.
(5)
The Controller may require any report required to be submitted under this section to be verified by an accredited external auditor.
(6)
In the event that any registered business entity intends to be issued with Carbon Credit Units for activities or projects undertaken
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under this section to reduce, abate or capture and store greenhouse gases, the information or data contained in any report submitted under this section for the issuance of Carbon Credit Units shall also be verified by any Carbon Standard Administrator.
Restriction on flaring and venting of Petroleum or Greenhouse
Gases