On 25 May 2022, in close collaboration with the Embassies of the European Union and France, Climate Governance Malaysia convened An EU Malaysian Dialogue with the theme “Fighting Climate Change with Market Mechanisms” sponsored by The Ritz-Carlton, Kuala Lumpur.
This event aimed to:
- Benchmark prospective policy-initiatives against lessons learned and experience gained (from both the EU and ASEAN region)
- Present the current legislation in the EU about carbon trading (EU ETS) and the implementation in stages starting 2023 of the Carbon Border Adjustment Mechanism (CBAM)
- Engage a dialogue with Malaysian stakeholders about the economic implications of CBAM.
- Understand challenges and effective policies in developed and developing nations in fighting climate change.
- Forge a better understanding of the potential impact of new standards and policies in the journey to lower carbon or GHG emissions on businesses (both large and small).
- Contribute to a closer relationship between Malaysia and the EU.
Tan Sri (Sir) Francis Yeoh was the keynote speaker of the event and he stressed the urgency of climate action, the consequences of inaction, and the tools and market mechanisms available.
Three roundtable discussions with different speakers were held and have covered topics on:
- European Union’s Emissions Trading System: lessons learned and next steps
- Building A Carbon Market in Malaysia: opportunities and challenges
- Carbon Trading and International Trade
An EU-Malaysia dialogue: Fighting Climate Change with Market Mechanisms
Note:
1. Tan Sri (Sir) Francis Yeoh’s keynote speech starts at 15.05.
2. Please click the CC button for subtitles/closed captions.
3. The presentation slides can be found by clicking here.
