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NEWS UPDATES 2 July 2010

Brunei wants to be low-carbon

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The Brunei Economic Development Board (BEDB) yesterday signed a deal with a Singapore-based carbon conservation company to transform the Sultanate into a green and low-carbon economy, according to the Brunei Times.

The memorandum of understanding (MoU) was signed with Carbon Conservation Pte Ltd (CC), which is expected to help promote capacity building and raise public awareness of the importance of low-carbon development for sustainable economic growth.

During the signing, BEDB Assistant CEO and Head of Stakeholder Relations Pg Aki Ismasufian said the BEDB believes the collaboration can further enhance Brunei's position to support and develop environmentally sustainable and low-carbon economic growth.

"We want to develop Brunei as a regional 'clean and green' hub. Our cooperation will hopefully create new economic opportunities for the people of Brunei and the region,

"The BEDB will work very closely with the key stakeholders to promote the full, effective and sustained implementation of the framework towards the development of low-carbon economy," said Pg Aki.

In a statement, BEDB said the collaboration is expected to look into how Brunei can stabilise and safeguard its rich biodiversity through improved land management and protection as well as reduced emissions from deforestation and degradation.

"It will also create and support innovative and leading edge economic opportunities through the development of pilot green projects with the involvement of credible investors in areas including ecotourism, renewable energy, energy efficiency for buildings and industries, waste to energy, infrastructure and other local opportunities," the statement added.

In addition, the programme will also promote capacity building and raise public awareness of the importance of low-carbon development for sustainable economic growth.

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