Malaysia is targeting increased investment and economic growth in its carbon capture utilisation and storage (CCUS) sector after passing its CCUS Act.
The smooth passage came as no surprise given CCUS is one of the six energy transition levers in Malaysia’s National Energy Transition Roadmap.
However the bill was criticised by lawmakers and non-governmental organisations (NGOs) for being rushed, and failing to properly address carbon capture risks.
The enactment of the CCUS Act recognises that natural carbon absorption methods like planting and preserving trees are insufficient to meet Malaysia’s climate commitments, and CCUS is needed to cut carbon emissions.
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