Revenue without destroying forest carbon credit

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WITH the Forests (Amendment) Bill 2022, Sarawak will have better management of the forest be it waterfalls, water catchment or educational facilities and it can gazette these areas.

This was said by Lo Khere Chiang (GPS-Batu Kitang) in support of the Forest Amendment Bill 2022.

“The Amenity Forest allows forest carbon credit to be traded not only for domestic markets but also for international markets.

“Through such avenues, we can have revenue without destroying our forest carbon credit and we need to strengthen this through Forest Amendment Bill,” Lo said.

Lo pointed out that Sarawak had a lot of forests that needed to be protected with the fact that 60 per cent of our land is covered by forest.

“Sarawak remains committed to support and contribute towards Malaysia’s targets under the Paris Agreement climate change and Kyoto Protocol 1997 which main objectives is to reduce the emission of greenhouse gas by helping the country meet its National Determined Contributions (NDCs) to reduce carbon emissions.

“We have put in place the necessary strategy to ensure development does not adversely affect the environment,” Lo added.

He stated that the Forest Amendment Bill 2022 could ensure whoever that wanted to produce carbon should pay for it through licensing and from there, Sarawak would be able to market it.

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