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ACCCIM Interaction Session with Associate Members

• The NCMP provides a structured framework to catalyse cost-effective climate action through a high-integrity, inclusive carbon market that accelerates national decarbonisation goals.

• It supports Malaysia’s Nationally Determined Contributions (NDC) 3.0 target to reduce absolute emissions by 15 to 30 million tCO2e by 2035, through both domestic initiatives and international cooperation.

• The policy is anchored on four pillars: (i) Implementing a high-integrity market; (ii) Driving a conducive ecosystem; (iii) Accelerating carbon credit trading; and (iv) Strengthening domestic and international linkages. 

• It utilises a Marginal Abatement Cost (MAC) Curve to prioritise low-cost domestic mitigation while leveraging international carbon finance for high-cost, "hard-to-abate" measures. 

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