Sarawak can be a haven for nature-based solution projects

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KUCHING: Sarawak is committed to maintain at least 60 per cent of its power generation capacity mix from renewable sources by 2030.

Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said these present vital pathways for economic growth as well as income generating activities.

He said Sarawak can be a haven for nature-based solution projects as there were relevant legislations to govern carbon within the ambit of nature-based solutions.

“What is clear, the right to carbon within Sarawak’s natural landscape resides here, in Sarawak, and reaffirmed by the recent amendment to the Sarawak Forestry Ordinance,” he said.

He said Sarawak was leveraging on low carbon opportunities in nature-based solutions coupled with technology to build a hydrogen economy.

“Sarawak shall create an ideal ecosystem for the hydrogen economy to be a pioneer in Asia Pacific to explore, innovate and produce green hydrogen,” he said.

“This initiative requires, among others, engineering expertise throughout the value chain, especially during the engineering, procurement, construction and commissioning (EPCC) stage,” he added.

Abang Johari was speaking at the closing ceremony of the Sarawak Oil & Gas Services and Equipment (OGSE) Roadshow 2022 at Borneo Convention Centre Kuching (BCCK) here today.

He said, currently 88 per cent of oil and gas companies, including Sarawak have developed their sustainability governance structure to ensure the implementation of sustainable business strategy and practices.

Under the National OGSE Industry Blueprint 2021-2030, various initiatives have been introduced to facilitate OGSE companies to move into higher value and sustainable verticals.

“These initiatives will help our industrial players to harness efficiency and grow their business sustainably to compete abroad and across sectors, widen industry stream and profitability,” he said.

“OGSE companies in Sarawak should tap into these opportunities, particularly OGSE Development Grant, export promotion, and human capital development,” he added.

At the same time, Abang Johari urged Sarawak OGSE companies to practice the highest level of health, safety and environment (HSE) standards by incorporating Environment, Social and Governance (ESG) standards.

“I am optimistic that with the advancement of all parties into the new frontier, we, the government and private sectors will bring Sarawak’s oil and gas development to greater peak. Together we will achieve the aspiration of our Post-COVID19 Development Strategy (PCDS) 2030,” he said.

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