Malaysia: Carbon tax part of plan to achieve net-zero carbon emission
Introduction of carbon pricing that would be intended to offer incentives
Introduction of carbon pricing that would be intended to offer incentives
An economic plan (the 12th Malaysia Plan 2021-2025) includes measures to achieve net-zero carbon emission as early as 2050.
Part of the plan involves the introduction of carbon pricing that would be intended to offer incentives for clean energy adoption, to encourage better energy efficiency, and ultimately to reduce greenhouse gas (GHG) emissions.
Read an October 2021 report prepared by the KPMG member firm in Malaysia
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.