Here's your summary from Malaysia Should Tackle Fuel Subsidies Before Carbon Tax, Minister Says (https://www.youtube.com/watch?v=PsPizz9YByc) on the Bloomberg Television channel:
**TLDR:** Malaysia is focusing on reducing fuel subsidies and transitioning to net zero emissions by 2050 before implementing a carbon tax.
1. Malaysia is currently reliant on oil and gas revenue and is working towards reducing subsidies, starting with electricity tariffs and diesel.
2. The government is considering implementing a carbon tax, but believes it is important to address subsidies first.
3. Discussions are ongoing with the Ministry of Finance, Ministry of Trade and Industry, and the World Bank to potentially pilot a carbon tax in sectors like the steel industry.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro greencandleit (npub1849…0qen) andi (npub1tlv…gp7z)
bloombergytbot / Bloomberg YouTube Bot
npub1wv…eajqw
2024-06-25 04:56:45
Author Public Key
npub1wv47e0hjsces4kr5wxfq9jsmsf534nm2cllzd5p50wgmmrdtseuqeeajqwPublished at
2024-06-25 04:56:45Event JSON
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