Prime Minister Abang Johari of Sarawak State of Malaysia led representatives of Sarawak Energy Berhad and other energy companies to attend the Future Energy Asia 2024 in Bangkok, Thailand on May 17 to showcase their energy transition strategies.
The state is shifting from fossil fuels to renewable energy and accelerating the energy transition in Southeast Asia by selling surplus green electricity to neighboring countries, while also working with international organizations to develop carbon trading regulations.
Abang Johari shares Sarawak's green transition pathway at Future Energy Asia 2024. (Photo: Nana Chen)
Sarawak, the largest state in Malaysia, is located in northwestern Borneo and has abundant natural resources, with 62% forest cover. While Sarawak is rich in traditional energy sources such as oil and gas, it is developing renewable energy and has favorable conditions for hydropower generation, said Johari, adding that the state has launched a number of key measures to promote a green economy while addressing climate change.
Sarawak to follow international standards to develop carbon trading
The measures include the Environment Reduction of Greenhouse Gases Emission Ordinance 2023 and the Land Carbon Storage Rules 2022, aiming to regulate greenhouse gas (GHG) emissions and promote Carbon Capture, Utilization, and Storage (CCUS) technology, while establishing an effective verification system to ensure credibility of carbon credits issued by the state.
