Search

Table 4.17 Services contribution to GDP, 2017-21
(MYR billion, %)
(…)
Government services: Environmental protection
MYR billion at constant 2015 prices: (2017)0.4, (2018)0.3,(2019)0.3,(2020[a])0.4,(2021[a])0.1
Percentage annual growth at constant 2015 prices: (2017)7.8, (2018) -18.7,(2019)3.4,(2020[a])20.4,(2021[a])-8.3
(…)
[a] Estimate.

4.95.   (...) Launched on 24 January 2022, the Financial Sector Blueprint 2022-2026 follows five basic thrusts: (...) (iv) climate risks to be integrated into BNM's supervisory and prudential regulatory roles and internal processes to facilitate orderly transition to a greener economy; and (v) Malaysia as an international gateway for Islamic finance, including through advancing value-based finance and mainstreaming social finance. (...)The Regulatory Sandbox created in 2016 is providing a conducive experimental environment for innovative fintech solutions and new business models. Finance for all, wider adoption of value-based intermediation, and steady progress in greening finance are among the desired outcomes to be achieved by 2026.

4.117.   (...) A Sustainable and Responsible Investment Sukuk Framework was introduced in August 2014 (revised in November 2019) to facilitate financing of sustainable and responsible investment (SRI) projects. In June 2022, an SRI-linked sukuk framework was introduced to facilitate fundraising by companies in addressing sustainability concerns such as climate change or social agenda, with features that relate to the issuer's sustainability performance commitment.

4.119.   Under the Twelfth Plan, the Government will continue to fulfil its commitments to reduce carbon emission intensity per GDP by up to 45% in 2030, in line with the aspiration to become a net zero carbon emission nation by 2050. To support this aspiration, the Ministry of Environment and Water will implement economic instruments and programmes that have the potential to attract low-carbon investment into Malaysia and increase the competitiveness of Malaysian products at the international level.

4.144.   The Ministry of Transport is the principal agency involved in the regulation of the maritime sector and related issues.(...) Its tasks include the setting of policies and planning regarding maritime safety (passengers, crew, and ships) and environmental measures; (...)

4.146.   Malaysia has been a member of the International Maritime Organization (IMO) since 1971 and has ratified 26 of its conventions, protocols, and agreements, notably the Convention on the International Maritime Organization, the Convention for the Safety of Life at Sea, the Convention for the Prevention of Pollution of Ships, and the Convention on Standards of Training, Certification and Watchkeeping for Seafarers.(...)

4.147.   (...) MIMA's[The Maritime Institute of Malaysia] research centres focus on ecologically sustainable development of marine resources and the conservation and protection of the marine environment, maritime security and diplomacy, maritime economic activities and industries, ocean law and related issues, and the management of the Straits of Malacca.

4.163.   (...) Several strategies are outlined in the Twelfth Plan, including (...) improving the quality of products and services such as ecotourism, (...) enhancing sustainability of tourism products through better service and visibility; and improved marketing strategies.

4.164. Moreover, under the Malaysian Plans and the NTP[the National Tourism Policy] 2020-2030, the Government aims to boost the country's tourism revenue by attracting more high-yield tourists, with a focus on sustainability, competitiveness, and inclusiveness. MOTAC[the Ministry of Tourism, Arts and Culture] aims to position Malaysia one of the world's ecotourism destinations and elevate the country's status into a top tourism destination worldwide. Key strategies in achieving this target include (i) strengthened governance capacity; (ii) the creation of special tourism investment zones; (iii) embrace of smart tourism; (iv) customized travel to enrich tourists' experience and satisfaction; (v) reinforcing commitment to strengthen sustainable and responsible tourism; and (vi) enhanced human capital development. The policy stresses the adoption and application of digital technology for sustainable and inclusive development of the tourism industry. (...)

Table A3.3 Import prohibitions and licensing (Second Schedule)
(…) Part I Goods which are prohibited to be imported into Malaysia except under an import licence
Item no.: 14
Description of goods: Waste, parings and scrap of plastics.
Ministry/department/statutory body issuing licence: Department of National Solid Waste Management
(…)