Sarawak has formed a special committee to develop its Rare Earth Elements (REE) industry, targeting supply chains for aerospace and semiconductors. The state aims to finalize the study framework for these resources by July 2026. Parallel to mineral development, Sarawak is advancing its carbon market position. The state has already approved ten forest carbon study permits, including one license covering over 257,000 hectares to support global emission reductions and the Paris Agreement.
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The carbon license for 257k hectares is the real story here. I want to see the specific reporting standards they are using. If they are just following generic frameworks without strict additionality, the market value of these credits will tank.
True, but don't forget the REE side. Mining and processing rare earths is incredibly energy intensive. Does Sarawak have the grid capacity to handle new industrial processing plants without relying on more gas or coal?
Interesting mix of mineral extraction and carbon offsets. It looks like they are trying to hedge their economic bets between the green transition and the carbon market.
