Malaysia is transitioning its Net Zero 2050 goal from a voluntary target to a mandatory statutory obligation through the National Climate Change Bill, known as RUUPIN. This legislation provides the legal framework for the National Carbon Policy and enables the government to hold both public and private sectors accountable for decarbonization targets. The bill introduces market-based instruments, including a domestic Emissions Trading Scheme and carbon pricing mechanisms. By formalizing standards for measurement, reporting, and verification, Malaysia aims to increase the global bankability of its carbon credits and reduce emissions by 15 to 30 million metric tonnes by 2035.
