Sabah to develop carbon exchange legislation within a year

An interim committee on climate change in Sabah has tasked itself to develop an enactment on carbon exchange within a year, the tenure of the committee from Aug 1 this year to July 31 next year.

Its chairperson Sam Mannan said the committee was of the opinion that for Sabah to venture into the carbon exchange market, a third party in business dealings is not required as the state has years of experience and its own experts in environmental conservation efforts.