KUALA LUMPUR, May 27 — A non-market-based mechanism, the Forest Conservation Certificate (FCC), was introduced by the government today to finance forest conservation activities...
Pahang MB files affidavit backing Najib’s bid to serve jail sentence from home, claims told of Agong’s decree from Tengku Zafrul
He said the Forest Carbon Offset instrument was also developed under RFF as a market-based solution to meet forest carbon projects, which is expected to be comparable to existing international standards such as Verra and Gold Standard. Commenting further, Nik Nazmi said the FCC emphasises transparency through practical processes and accountability of all parties involved, starting with scheme owners, project implementers, fund contributors, fund managers and the verification body.He said any FCC project certified by an independent verification body can be used to meet the company’s Environmental, Social and Governance reporting requirements.
At the ceremony today, Nik Nazmi also witnessed the exchange of Memoranda of Understanding between MFF and FCC funders, namely Layang Kaji Sdn Bhd and Angkatan Koperasi Malaysia Berhad .
Forest Conservation Certificate FCC Malaysia Forest Conservation Forest Conservation
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