26 November 2013
Sabah is a step closer to becoming the first state in Malaysia to get into the business of carbon trading amidst growing global concerns on climate change.
Last week, the state legislative assembly approved an amendment to its Forestry Enactment, paving the way for the Sabah Government to collect revenue for carbon sequestration – which is a process of storing carbon from the atmosphere – by maintaining its forests.
Scientists have blamed the high levels of CO2 for the rise in global warming, which leads to climate change.
Read more from Eco-Business here.