Sarawak Premier outlines Sibu's shift from timber town to low-carbon hub with carbon trading plan
dayakdaily.comSarawak Premier Abang Johari announced that Sibu will transition from its historic timber industry to a low-carbon economy, using the region's forests and peatlands as carbon sinks for trading. Speaking at a dinner with community leaders, he said the global shift toward sustainability and climate change adaptation requires a new master plan for Sibu's development. He highlighted that carbon trading offers a new revenue stream for Sarawak, as countries with high emissions pay to offset their carbon output through preserved forests and peatlands. The Premier urged local leaders to understand and communicate this policy shift to their communities. He noted that Sarawak has set up development agencies like MiRRDA and RDDA to drive growth in the region. The plan depends on preserving existing forests, replanting, and using natural carbon sinks as economic assets rather than cutting them down for timber.
