Johari: Palm oil sector well-positioned to participate in carbon market

Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani said the palm oil sector is well-positioned to participate in the carbon market, having already embedded sustainability and circular-economy practices across its value chain. He said that although palm oil does not yet have a standalone carbon credit system, the government has already introduced measures to account for industry-wide emission reductions, including efforts to curb deforestation. “For the palm oil sector, I immediately instructed that there be no deforestation as part of our sustainability commitment, given that it is one of the country’s major economic contributors. We want to ensure that the palm oil we export is fully sustainable. “In other sectors, such as manufacturing, we can encourage greater adoption of solar energy as part of their overall energy mix. Over time, and by 2050, we hope (that through these efforts,) we can achieve success and aim for net-zero emissions,” he told the media after ...