The Kuamut Rainforest Project in Sabah, Malaysia. (Photo: Wikimedia Commons)
It will take some time for Sabah to realize the tangible benefits from trading its first carbon credits from the state rainforest, said state Finance Minister Masidi Manjun. He also mentioned that Sabah is reviewing existing laws to ensure it doesn't lose out in the country’s first carbon credits auction.
He was responding to the announcement that the Bursa Carbon Exchange (BCX) will hold an auction of its first Malaysian carbon credits from the Kuamut rainforest conservation project on July 25.
