KOTA KINABALU: Partners of the Kuamut Rainforest Conservation Project (KRCP), a public-private partnership between the Sabah Forestry Department, Yayasan Sabah, and Permian Malaysia, a subsidiary of Permian Global met with Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor at Menara Kinabalu here today.
At the meeting, Permian Global Chairman Stephen Rumsey briefed the Chief Minister on the project, which had its first monitoring report verified last month, demonstrating that it meets internationally recognised standards for its climate, community, and biodiversity progress.
This milestone enables the conservation initiative to protect and restore 83,381 ha of tropical rainforests in the Tongod and Kinabatangan districts to generate its first tranche of Verified Carbon Units (VCU).
Hajiji said the KRCP is a testament to how the public and private sectors can work together in an impactful and transparent way that engages and empowers local community participation from the outset.
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya (SMJ) when it posted record high state revenue of RM6.973 billion last year. Read more Also present were Permian Malaysia Chief Executive Officer Ivy Wong Abdillah, Yayasan Sabah Director Datuk Ghulam Haidar Khan Bahadar, State Forestry Chief Conservator Datuk Frederick Kugan and General Manager of Yayasan Sabah’s wholly owned subsidiary Rakyat Berjaya Sdn Bhd, Dr Esther Li.
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