Friday, February 12, 2010

Local firms can meet CO2 cut target

Thestar: Thursday February 11, 2010

KUALA LUMPUR: Malaysian companies are capable of meeting the Government’s target to reduce carbon dioxide (CO2) emissions to 40% by 2020, said CSR Asia (Malaysia) director Rikke Netterstrom.
“The amazing thing about Malaysian companies is that once they get started, they work very fast,” she told StarBiz after its CSR Wednesday Briefing yesterday.
“They are used to being adaptable and they need to see it (reducing carbon emissions) is worth the investment.
“If you look at the palm oil industry, you can see how it’s transformed in the last five years,” said Netterstrom, who moderated the event.
At the United Nations Climate Change Conference 2009 in Copenhagen in December, Prime Minister Datuk Seri Najib Tun Razak said Malaysia pledged to reduce its CO2 emission to 40% by year 2020.
Netterstrom said the initiative (cutting emissions) needed to be viewed as more than just an incurred cost.
“The obvious challenge is investment. It does cost some money to start looking at a reduction but you will make that back eventually.”
The CSR Wednesday Briefing is a bi-monthly event organised by CSR Asia.

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