Picture Credit: Bernama
Sabah Deputy Chief Minister Datuk Seri Jeffrey Kitingan said the state recognises the potential economic benefits of the industry and has actively been trying to monetise the carbon credit industry for some time.
KOTA KINABALU, July 16 — Sabah has welcomed the federal government’s earmarking of Sabah as one of four states to lead in the carbon capture, utilisation, and storage (CCUS) industry, but said that regulation and implementation should be under the jurisdiction of the states involved.
Deputy Chief Minister Datuk Seri Jeffrey Kitingan said the state recognises the potential economic benefits of the industry and has actively been trying to monetise the carbon credit industry for some time.
“It is crucial to emphasise that the regulation and implementation of CCUS activities in Sabah must fall under the jurisdiction of the Sabah state government.
Sabah’s autonomy over its resources is paramount, and it is essential that we have the authority to regulate and manage these activities to ensure they align with our state’s specific needs and priorities,” he said in a statement here today.
Kitingan, who has been a proponent of a controversial carbon credit deal in Sabah that was inked in 2021, said that Sabah is more than capable of managing the CCUS industry independently.
He said that the state could legislate the activities on their own by enacting laws aligning with international standards and leverage its own state-owned enterprises and government-linked companies to lead the CCUS projects.
Read the rest of the text here . . .
