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The Conundrum of Carbon Trading Projects towards Sustainable Development: A Review from the Palm Oil Industry in Malaysia

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  • Tengku Adeline Adura Tengku Hamzah

    (Department of Geography, Faculty of Arts and Social Science, University of Malaya, Kuala Lumpur 50603, Malaysia)

  • Zainorfarah Zainuddin

    (Department of Geography, Faculty of Arts and Social Science, University of Malaya, Kuala Lumpur 50603, Malaysia)

  • Mariney Mohd Yusoff

    (Department of Geography, Faculty of Arts and Social Science, University of Malaya, Kuala Lumpur 50603, Malaysia)

  • Saripah Osman

    (Department of Geography, Faculty of Arts and Social Science, University of Malaya, Kuala Lumpur 50603, Malaysia)

  • Alias Abdullah

    (Department of East Asian Studies, Faculty of Arts and Social Science, University of Malaya, Kuala Lumpur 50603, Malaysia)

  • Khairos Md Saini

    (Department of Geography, Faculty of Arts and Social Science, University of Malaya, Kuala Lumpur 50603, Malaysia)

  • Arno Sisun

    (Department of Geography, Faculty of Arts and Social Science, University of Malaya, Kuala Lumpur 50603, Malaysia)

Abstract

Palm oil’s utilization as a renewable energy (RE) source has led the government to intervene by introducing emission reduction projects. Carbon trading projects are part of the strategic direction adopted within the climate mitigation plan and sustainability drive in the palm oil industry. The perquisites and opportunities encountered within emissions trading are expected to aid palm oil producers economically, environmentally, and socially. This study addresses and analyses how the carbon trading projects’ targets in Malaysia can be achieved, the problematic, and pressing issues around their implementation and whether these projects are sustainable and create a positive impact. This paper is based on literature reviews and semi-structured interviews with expert palm oil producers in Malaysia. The findings have revealed that carbon trading implementation in Malaysia has delivered new insights towards the international climate policy approach on the feasibility and impact of long-term sustainability goals. However, the impact of the implementation needs support from the government for further development. In conclusion, the major contribution of this study is that the carbon trading implementation in Malaysia complies with the objectives and principles of sustainable development and creates a significant influx in investment for Malaysia’s economic growth.

Suggested Citation

  • Tengku Adeline Adura Tengku Hamzah & Zainorfarah Zainuddin & Mariney Mohd Yusoff & Saripah Osman & Alias Abdullah & Khairos Md Saini & Arno Sisun, 2019. "The Conundrum of Carbon Trading Projects towards Sustainable Development: A Review from the Palm Oil Industry in Malaysia," Energies, MDPI, vol. 12(18), pages 1-15, September.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:18:p:3530-:d:267105
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    References listed on IDEAS

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    1. Rahman Mohamed, Abdul & Lee, Keat Teong, 2006. "Energy for sustainable development in Malaysia: Energy policy and alternative energy," Energy Policy, Elsevier, vol. 34(15), pages 2388-2397, October.
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    6. Shuit, S.H. & Tan, K.T. & Lee, K.T. & Kamaruddin, A.H., 2009. "Oil palm biomass as a sustainable energy source: A Malaysian case study," Energy, Elsevier, vol. 34(9), pages 1225-1235.
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    Cited by:

    1. Liang Shen & Xiaodi Wang & Qinqin Liu & Yuyan Wang & Lingxue Lv & Rongyun Tang, 2021. "Carbon Trading Mechanism, Low-Carbon E-Commerce Supply Chain and Sustainable Development," Mathematics, MDPI, vol. 9(15), pages 1-26, July.
    2. Ahmed Zainul Abideen & Veera Pandiyan Kaliani Sundram & Shahryar Sorooshian, 2023. "Scope for Sustainable Development of Small Holder Farmers in the Palm Oil Supply Chain—A Systematic Literature Review and Thematic Scientific Mapping," Logistics, MDPI, vol. 7(1), pages 1-24, January.

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