Malaysia Considers Carbon Tax at $3.60-a-Ton to Cut Pollution

Malaysia is considering setting its planned carbon tax on polluting industries at an initial rate of 15 ringgit ($3.58) per ton of emissions, as it aims to curb the nation’s climate footprint.

The government has held consultations on its proposals, which also include establishing a new agency to implement climate change initiatives, according to people familiar with the details, who requested anonymity because the deliberations are private. Discussions are ongoing and plans could still change, they said.