Two Sarawak forest carbon licences do not yet authorise credit trading
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Two newly issued forest carbon licences cover 31,141.2 hectares in Tanjung Manis, Kuala Rajang and Ulu Baram. The licences allow approved projects to be developed, but do not automatically create carbon credits for sale.
The October 15 presentation involved a 4,788.2-hectare project held by Lembaga Amanah Kebajikan Islam Kuala Rajang and the 26,353-hectare Jalin Forest Carbon Area held by Shin Yang. The former concerns mangrove blue carbon; the latter focuses on forest management and conservation.
The presentation took place at the assembly complex in Kuching. The project land is elsewhere, not around the ceremony venue.
Projects still have to satisfy the relevant standards, including validation and verification by recognised bodies, before credits may be issued or traded. An approved area is therefore different from a verified volume of carbon or a confirmed sales return.
For communities and businesses following the sector, the practical checkpoints are the approved project boundaries, regulatory compliance and independently validated results. The new licences alone establish neither a household payment entitlement nor an investment return.
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