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Sarawak will introduce a carbon levy on facilities in the oil, gas and energy sectors this year, while advancing a forest-based carbon economy. (Photo: iStock)
Sarawak will introduce a carbon levy on facilities in the oil, gas and energy sectors this year, with proceeds channelled into a dedicated Climate Change Fund aimed at supporting the state’s long-term decarbonization strategy.
Revenue from the levy will be used to finance renewable energy deployment, energy efficiency programmes, forest conservation, grid modernisation and climate-resilience initiatives. The state is also laying the groundwork for forest carbon credits and a broader circular economy framework, positioning carbon pricing as a pillar of its development model.
