• Office of YB Wong Chen

COP25

16 December 2019

News are coming in that the COP25 meeting in Madrid, the UN climate change talks, has been disappointing. As expected rich countries, with the exception of the EU, are still not fully committed to do something concrete, in particular on the issue of carbon pricing.

After a 40 hour extension to the meeting, the meeting did not produce the needed commitments. The Paris Agreement targets will now be revisited next year at COP26 in Glasgow.

I can’t emphasise enough why we need to implement carbon pricing in Malaysia. It is a no brainer; my plan is a low carbon tax rate which the IPPs can easily pay without passing the cost to Malaysian consumers. Being an early adopter of carbon pricing will also boost our image as a responsible climate action country and this can also help our soft power and exports.