Unveiling the Future of Carbon Pricing in Malaysia: An analysis of the legal framework for carbon taxation
Keywords:
Carbon Tax, Climate Change, Legal Framework, Greenhouse Gas Emissions.Abstract
This research paper examines the potential of carbon taxation as a tool for regulating greenhouse gas (GHG) emissions as part of Malaysia's climate change mitigation strategy. Through an in-depth analysis of the legal framework surrounding carbon taxation, the paper provides insights into the prospects and challenges associated with implementing such a mechanism upon comparing it with existing carbon taxation initiatives globally. Ultimately, the article concludes that Malaysia should implement a carbon tax system to effectively reduce the country’s GHG emissions by adopting a carbon tax legal instrument for a more carbon-responsible future in Malaysia.
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