Investment, Trade and Industry Deputy Minister Liew Chin Tong said Malaysia will have to start implementing carbon pricing to facilitate carbon trading and look into carbon taxing as the European Union prepares to commence its Carbon Border Adjustment Mechanism in 2026.
Meanwhile, Liew said the Investment, Trade and Industry Ministry is committed to working with the industry to overcome the scrap metal challenge, finding ways to deal with the shortages and create a better ecosystem. “Global steel demand declined for the second consecutive year to 1,763 million tonnes in 2023. Therefore, the regional analysis provided by the MISIF Report is very important for policymakers and for the industry to make decisions,” he said.
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Source: theSundaily - 🏆 25. / 51 Read more »