M'SIA TO REAP VAST INVESTMENT VALUE FROM CARBON PROJECTS, SAYS AUSSIE TRADE COMMISSIONER

By Tengku Noor Shamsiah Tengku Abdullah

KUALA LUMPUR, Feb 19 (Bernama) -- Malaysia has vast potential to reap
immense investment value from carbon projects, says Australia's Asean Trade
Commissioner Garth Taylor.

"Carbon projects are typically finance-intensive. Even a small project will
cost two to three million U.S. Dollars. Larger projects can run into millions of
dollars," he said.

Taylor said an Australian business delegation, specialising in carbon
projects,
will be in Malaysia from March 1-2 to seek collaborations in green technology.

The "Carbon Cluster" delegation will have members from 25 Australian
companies

"We are aiming for 10 projects over the next 18 months to get out of the
Carbon
Cluster. So the investment potential you can see is quite large," he told
BERNAMA in an interview.

Taylor said the "Carbon Mission" is the first offshore activity for the
recently formed Australian Carbon Cluster, a value chain of project-ready
companies focused on developing sustainable emission reduction projects
offshore.

"It is the very first for the Carbon Cluster into Asean and Malaysia. This
shows how important is Asean, including Malaysia, to Australia," he said.

Among others, Taylor said there would be a large networking event,
business-matching event and a business roundtable with Energy, Green Technology
and Water Minister Peter Chin Fah Kui.

"We are inviting members from Asean countries, including from Indonesia,
the Philippines, Thailand and Singapore, to come to Malaysia to speak to the
mission members," he said..

Companies that fill a role in the carbon value chain include financiers,
compliance buyers, technology owners, project managers and designers, specialist
engineering firms and a range of carbon consultancies.

Taylor said there would be a large networking event, business matching
session and a business roundtable with Energy, Green Technology and Water
Minister Peter Chin Fah Kui.
"
I hope Malaysian businesses will be involved in business matching
with the delegation.

"We offer Malaysia in particular quite a strong offering in carbon projects.
In return, Malaysia also has something to offer our mission members. Hence, we
are inviting them to join us," he added.

-- BERNAMA