There’s a unique opportunity in Malaysia to mitigate climate impacts. According to analysis by McKinsey senior partners Vishal Agarwal, Li-Kai Chen, and coauthors, the country has 3 percent of the world’s potential for nature-based solutions, which are projects that aim to increase carbon sequestration in the natural environment (forest protection, for example). However, a carbon market would need to ramp up to support these solutions: Malaysia historically trails other Southeast Asian countries in carbon credit issuances.
To read the article, see “How carbon markets can help Malaysia achieve its climate targets,” September 19, 2022.