PETRONAS and the Terengganu State Government, through the Terengganu Economic Planning Unit (UPEN), have signed a Memorandum of Understanding (MoU) to explore opportunities for the development of Nature-based Solutions (NbS) in the state.
Under the MoU, both parties will collaborate to identify and assess potential sites across Terengganu for Nature-based carbon projects that meet internationally recognised certification standards. These projects are intended to generate high-quality carbon credits while delivering tangible benefits to local communities and supporting environmental conservation.
The MoU was signed by PETRONAS Senior General Manager, Nature, Corporate Sustainability, Giulia Sartori and Terengganu State Secretary, Dato’ Mohd Azmi Mohamad Daham. The signing was also witnessed by Ezrin Johanna Elias, General Manager, Nature Centre of Excellence and Solutions, Corporate Sustainability, PETRONAS and Dato' Rosli Latif, Director, Terengganu Economic Planning Unit.
Commenting on the collaboration, Giulia Sartori said PETRONAS looks forward to working closely with the state to advance climate-positive initiatives that create shared value.
'We are pleased to collaborate with the state of Terengganu in advancing nature-based solutions that strengthen climate resilience, enhance biodiversity and deliver meaningful benefits to local communities. This collaboration builds on PETRONAS’ long-standing presence in the state, and we look forward to delivering value for the state and supporting Malaysia’s overall climate ambitions together,' she said.
Dato’ Mohd Azmi welcomed the collaboration, highlighting the role of Terengganu’s natural ecosystems and their potential to contribute to climate change mitigation.
'Terengganu is blessed with diverse natural ecosystems that hold significant potential for nature-based solutions. Through this collaboration with PETRONAS, we aim to contribute to Malaysia’s efforts to reduce carbon emissions while ensuring environmental conservation brings lasting benefits to the people of Terengganu,' he said.
NbS comprises actions to reduce and remove greenhouse gas emissions through conserving, protecting, restoring and sustainably managing natural ecosystems. Carbon credits generated through NbS are integral for PETRONAS in addressing residual and hard-to-abate emissions, complementing its Net Zero Carbon Emissions by 2050 Pathway.
Source: PETRONAS
