Carbon Trading Ready by 2027
23 - 29 March 2026. Issue 82.
Carbon trading is coming to Sarawak.
Some of us might argue that the idea of carbon trading is as strange as the idea of cryptocurrency: both are invisible in the physical world, and have artificially assigned values. But… one could also extend the same argument against any money these days… Before we fall into that rabbit hole, let me remind you that the global market capital of cryptocurrency is worth of USD2.4 trillion (from a peak of more than USD4 trillion). The value of carbon market is not as stratospheric but the latest estimate of the global carbon market size is about USD900 billion. To put it in context, that is just about double Malaysia’s GDP in USD. It’s not chump change!
The infographic this week looks at some of the numbers from the major emissions trading schemes around the world. In case you have forgotten, the EU carbon permit price has been tracked on The Sarawakian for a while now (see NUMBERS). I await the day I can replace that number with a Sarawak-based figure, instead.
In a string of thought, I think about how special Sarawakians are and whether we might have privileges that come with that uniqueness.
You can read A String of Thought here:
