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Taxes need to be introduced carefully

Taxes need to be introduced carefully
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Special Report On the 12th Malaysia Plan 2021 - 2025: The Malaysian case for carbon tax

THE recently tabled 12th Malaysia Plan 2021-2025 sets an ambitious goal for the country to achieve net zero carbon emission by “as early as” 2050, ahead of Singapore and Indonesia. Part of the equation involves the introduction of carbon pricing, which is meant to incentivise clean energy adoption, encourage better energy efficiency and ultimately reduce greenhouse gas (GHG) emissions. But what is the impact of this new development on businesses and Malaysians at large?

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