The Malaysian government will not introduce a carbon tax in Budget 2025, according to Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. The Ministry of Finance and the Ministry of Energy Transition and Water Transformation are still developing the tax mechanism, which requires at least a year of preparation. The carbon tax, aimed at reducing emissions by levying on fossil fuel consumption, is expected to be introduced later. The government is focusing on green programs and has already removed diesel subsidies to support its net-zero goal by 2050.
ZAFRUL: GOVT HAS NO PLANS TO INTRODUCE CARBON TAX IN BUDGET 2025
The Malaysian government will not introduce a carbon tax in Budget 2025, according to Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. The Ministry of Finance and the Ministry of Energy Transition and Water Transformation are still developing the tax mechanism, which requires at least a year of preparation. The carbon tax, aimed at reducing emissions by levying on fossil fuel consumption, is expected to be introduced later. The government is focusing on green programs and has already removed diesel subsidies to support its net-zero goal by 2050.
