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13 May
03:23

IDEAS: Malaysia needs carbon pricing for greener steel

Malaysian think tank the Institute for Democracy and Economic Affairs (IDEAS) has called on policymakers to lead the charge towards a greener steel industry, Kallanish notes. This includes initiating a phased approach to carbon pricing in the steel industry, starting with a temporary tax on coking coal and transitioning to a comprehensive cap-and-trade scheme. This would create economic incentives for emissions reductions. Meanwhile, partnerships between governm…
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