The best scenario of carbon capturing storage and utilization (CCSU) in Malaysia

Background:The rapid climate change has grabbed the attention of policy makers, academia, media and industry around the world at the dawn of twenty first century. The combustion of fossil fuels for the satisfaction of energy and transportation needs has enhanced greenhouse (GHG) emissions which harm environment. The Kyoto Protocol of United Nations Framework Convention on Climate Change (UNFCCC) obligated industrial countries to reduce greenhouse gas emissions. However, the member countries like the USA and Japan, which took this initiative failed to achieve their emissions targets. Thus, there is a need to highlight the associated revenue charm for reducing GHG emissions. Objective: This paper has therefore focused the identification and calculation of rates for various associated sources of revenue which might help reduce GHG emission in a developing country like Malaysia which having no mandatory emission obligation. The results: This paper has identified different sources of revenue and its feasible rates, if Malaysia starts carbon capturing storing and utilization process. Conclusion: The paper contributes to limited literature as well as policy, particularly in Malaysian context.