Concise & News Briefing: Malaysia Leads the Charge on Climate Action at COP29

FROM BAKU TO BELÉM: MALAYSIA’S COP29 LEADERSHIP DRIVING REGIONAL AND GLOBAL CLIMATE ACTION

March 17, 2025, At COP29 in Baku, Azerbaijan, Malaysia reaffirmed its strong commitment to the Paris Agreement, actively shaping global and regional climate discussions. While major global players waver in their commitments, Malaysia continues to drive forward policies anchored in sustainability, equity, and resilience.

Key Highlights from COP29:
✅ Support for a USD 300 billion annual climate finance target (until 2035)
✅ Advocated for the operationalization of the Loss and Damage Fund
✅ Led ASEAN’s push for a Common Carbon Framework
✅ Finalizing Malaysia’s National Climate Change Bill & NDC 3.0 with stronger targets
✅ Developing a National Carbon Market Policy to enhance emissions trading

ASEAN Leadership & COP30 Strategy
As ASEAN Chair in 2025, Malaysia is preparing to present a regional climate action statement at COP30 in Belém, Brazil. The country is also working to establish the Southeast Asia Alliance (Group SEA), a climate negotiation bloc aimed at increasing ASEAN’s influence on the global stage.

What’s Next?
Malaysia’s vision is clear: a net-zero future by 2050. With initiatives like MyNAP (National Adaptation Plan) addressing climate risks and a growing carbon trading market, the country is solidifying its role as a global climate leader.

However, Malaysia’s leaders stress the need for greater action from developed nations, emphasizing that equitable climate finance and technological support are essential for global success.

Malaysia will continue to push for bold, collaborative climate solutions—because, as the nation asserts, climate action cannot wait.

aseannews.my

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