Malaysia steps up efforts to transition to low-carbon economy

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Malaysia is at a tipping point in the fight against the climate and biodiversity crises, as it steps up efforts and commitments to transition to a low-carbon, climate-resilient economy, Finance Minister Tengku Zafrul Abdul Aziz said.He said this entails a gradual and complete transformation of the country’s economic and financial systems, as well as sectors relating to its food, water and energy, as well as primary commodities, in a way that is sustainable, inclusive, just and fair.To further reduce greenhouse emissions (GHG), he said the government has emphasised green investments, complemented by the progress since the signing of the Paris Agreement, namely increasing the unconditional Nationally Determined Contributions to reduce GHG emissions to 45 percent from 35 percent previously, he said.Zafrul said this in a virtual conference titled 'Road to Glasgow and Kunming: …