Carbon Trading- An Idea Whose Time Has Come
The state government of Sabah has taken sustainable development to the whole new level. Nature Conservation Agreement (NCA) between the State of Sabah and Hoch Standard PTE LTD that was signed on 28 October 2021 aim to selling forest carbon storage and sequestration and its other ecological services to companies interested in buying credits to offset their CO2 emissions. It would include more than two million ha of forest, supposedly to restore it from mining, logging and industrial agriculture for the next 100 years or so. Against this background, this paper discussed the essence of carbon trading. Drawing examples from carbon deals around the world, we examined the prevailing conventional wisdom or the forgone conclusion that keeping trees standing is better than cutting them down. What are the advantages and disadvantages of trading forest carbon storage and sequestration? Who would gain and who would lose?
Speaker – Dr. James Alin
Member of the Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah since 2003. Publications related mostly to economics of conserving wildlife and natural areas. Holder of external positions; as Senior Research Fellow, Centre for Local Government, University New England-Business School, Australia; Senior Research Fellow and Adjunct Professor, Center for Strategic Policy and Governance, Palawan State University, Philippines and Adjunct Professor at the Faculty of Economics and Business, Universitas Deponegoro, Republic Indonesia. He co-authored with Mr. Alex Yee (2022) A Tale of 30 Thousand Turtles. Also occasionally writes for local newspapers and internet news portals.
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