Malaysia's Economy Minister Rafizi Ramli reveals CCUS Bill to be submitted in March. (Photo: X/Rafizi Ramli)
To achieve its net-zero target, the Malaysian government is adopting various carbon reduction technologies, with carbon capture set to present a development draft in March to help hard-to-decarbonize industries transition. According to TA Securities, Malaysia’s carbon capture technology is expected to attract over $10 billion in capital investments within the next five years.
Malaysia pushes CCUS Bill to establish one-stop regulatory body
On March 5, after attending a research report release event co-hosted with the World Bank, Malaysia's Minister of Economy, Rafizi Ramli, told reporters that the drafting of the Carbon Capture, Utilisation, and Storage Progressive Regulatory Framework Bill was in its final stages and is expected to be submitted to Parliament for review in the first week of March.
