Carbon finance in Malaysia: an analysis of issues and challenges

Sifat, Imtiaz and Mohd Thas Thaker, Hassanudin and Karim, Ridoan (2024) Carbon finance in Malaysia: an analysis of issues and challenges. In: The Palgrave Handbook of Green Finance for Sustainable Development. Palgrave Studies in Impact Finance (1). Palgrave McMillan, Cham, Switzerland, pp. 481-507. ISBN 978-3-031-65755-9

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Abstract

Trading greenhouse gas emissions is gaining importance as a means to combat the hazards of climate change. In her pursuit of a lower carbon footprint in the economy, Malaysia, a middle-income country, has undertaken a multi-pronged approach of schemes and actions. Key among them is the Clean Development Scheme (CDM), which has been operational for a significant number of years now. This paper's main thrusts are the analyses and appraisal of the performance of the CDM scheme. We further review the existing challenges and opportunities to improve low-carbon pursuit of Malaysia. Our review finds that the existing legislation, policies, and implementation of market mechanisms are inadequate in achieving the targets Malaysia set for herself. Moreover, greater stakeholder engagement and spreading of awareness are needed in order for Malaysia to enjoy the fruits of its current actions.

Item Type:	Book Chapter
Additional Information:	11018/115488
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	Dr Hassanudin Mohd Thas Thaker
Date Deposited:	11 Nov 2024 09:35
Last Modified:	11 Nov 2024 16:55
URI:	http://irep.iium.edu.my/id/eprint/115488

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