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CSR Malaysia

Sunday
May 18th
Home arrow News arrow Malaysia arrow YTL to tap into green CDM market via unit
YTL to tap into green CDM market via unit Print E-mail
Monday, 05 May 2008
YTL Corp Bhd is looking to tap into the potential of carbon credits and the clean development mechanism (CDM) to promote the growth of clean alternative energy and environmental protection following its taking a stake in CDM consultancy firm SV Carbon Sdn Bhd.
The new firm will be known as YTL-Carbon Sdn Bhd. According to various reports, YTL took controlling 52.38% stake in SV Carbon for about RM300,000.

CDM is an arrangement under the Kyoto Protocol that allows companies in industrialised countries to invest in projects that reduce emissions in developing nations.

Carbon credits help reduce greenhouse gas emissions on an industrial scale by capping total annual emissions and letting the market assign a monetary value to any shortfall. Credits can be bought and sold at prevailing market prices.

Read full article at the Malaysian Reserve.
 

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