Kota Kinabalu: Deputy Chief Minister Datuk Seri Jeffrey Kitingan has blamed misconceptions and misunderstandings for the delay in implementing the controversial carbon credit project in Sabah that was signed in October of 2021.
The state agriculture, fisheries, and food industry minister said many in the state did not understand the definition of nature capital and were still against the Nature Conservation Agreement .“Some people — our own officials in the government — are unfamiliar with what nature capital means. Because they lack the understanding, they don’t want us to go ahead, so we will address that as soon as possible,” he said.
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year. Read more “But we do not want to destroy the environment.
The NCA, signed between the state government and Singapore-based Hoch Standard Pte Ltd granted monopoly rights of two million hectares of a forest located in Sabah.Conservationists and civil groups claimed the agreement was made without respecting Sabah Indigenous Peoples’ rights, including their rights to consultation and free, prior and informed consent and also the designated areas under the project.
Among them is a clearer designated area, a management plan, securing consent from indigenous communities where necessary, establishing carbon pricing and price discovery mechanisms, ensuring independent oversight, setting objective performance goals, safeguarding key economic sectors, and revenue sharing arrangements.
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