PETALING JAYA: Malaysia is expected to enter a more active phase once its carbon tax framework is formalised under the upcoming Climate Change Bill. “This year, the government is taking foundational steps to introduce a carbon tax that initially targets the steel, iron and energy sectors. “This should boost liquidity on the Bursa Carbon Exchange, supported by the Malaysia Forest Fund (MFF), which provides nature-based credits to help firms offset emissions,” RHB Research pointed out. RHB Research said based on market reports, an indicated initial carbon tax of RM15 per tCO2e could serve as Malaysia’s starting benchmark, broadly mirroring the early phase of Singapore’s carbon pricing journey before rates climbed sharply. As for YTL Power, RHB Research said the company has strategies in place, including commissioning more non-coal power plants, building carbon capture projects and purchasing carbon credits to offset emissions.

Source: The Star April 09, 2026 15:41 UTC