Carbon trading, already a complex mechanism, to be made Shariah-compliant, Parliament told

Environment and Energy Minister Datuk Seri Tuan Ibrahim Tuan Man told the Dewan Rakyat today that the planned domestic carbon trading market, a complex mechanism to incentivise a reduction in carbon emission, will be Shariah-compliant. The federal government said it would seek to follow the European Union in setting up a domestic carbon trading market to curb carbon emissions. Tuan Ibrahim was reported saying in September that a domestic emissions trading scheme will be developed by the Environment and Water Ministry and carried out jointly with the Finance Ministry, Bursa Malaysia and other “stakeholders”.