Carbon credit deal can’t be delayed any longer: Jeffrey

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Deputy Chief Minister Datuk Seri Dr Jeffrey Kitingan said the carbon credit trading deal which should have been implemented last year cannot be delayed any longer.

“We need to implement now in order to maximise the benefits to the State and its people,” said Jeffrey, who is also State Agriculture, Fisheries and Food Industry Minister. “We should have started it one year ago but there have been so many obstacles and this has delayed the implementation,” the Parti Solidariti Tanah Airku’s President told the media after the party’s Extraordinary Meeting, Saturday.

“Conservation also pays, and I see that as an opportunity to generate new kinds of revenue that are not taking something away but providing value, because conventionally people create income by taking something while also hurting the environment, such as logging, mining and so on. “Now that the planet is providing us with another opportunity through nature, there is a lot of new revenue to be generated from conservation, not simply carbon credit trading but also natural capital.

 

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