Malaysia is moving toward a legally binding climate framework with the proposed National Climate Change Bill (RUUPIN). This legislation aims to shift the country from voluntary climate actions to enforceable measures, focusing on monitoring and verifying emissions. The government is also developing the National Carbon Market Policy (NCMP) to integrate carbon taxes and carbon credits. By pricing carbon sinks like forests, the policy intends to allow industries to offset emissions or pay taxes if they exceed established thresholds.
