Cover Story: National Carbon Market Policy to set foundation for carbon tax

The elephant in the room at the long-awaited launch of the National Carbon Market Policy (NCMP) was the absence of a carbon tax. After Prime Minister Datuk Seri Anwar Ibrahim announced a carbon tax for the iron, steel and energy sectors in his Budget 2026 speech, many in the market expected the launch of the policy to come with the price companies would have to pay for their carbon emissions.
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