Johari said the bill, among other things, may include provisions for the implementation of carbon credits, which would further support the national agenda to achieve net-zero carbon emissions by 2050.

He said the bill is still in the drafting stage and has yet to be presented to the Cabinet.

He is currently reviewing the draft, and plans to engage with industry players, including Bursa Malaysia, to gather input and guidelines.

The details will be disclosed to the public once the bill is finalised.

“The first draft is already out, but I need to review it thoroughly to ensure that the (proposed) law to be tabled is acceptable to the industry, and can achieve its intended objectives,” he said following an event at Pulau Carey today.

On May 29, natural resources and environmental sustainability ministry secretary-general Ching Thoo was reported as saying the bill is expected to be tabled in August.