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Conservation news mongabay.com 24 Nov, 2021 12:45 am

Details emerge around closed-door carbon deal in Malaysian Borneo

Details emerge around closed-door carbon deal in Malaysian Borneo
Environmental science and conservation news

Kitingan said free, prior and informed consent — what’s known as FPIC, a globally recognized principle — wasn’t necessary in this case.Legally, Sabah’s Indigenous or “native” peoples had already been consulted when these forests were classified, Kitingan said.“It’s also in the Forest Enactment to ensure that the natives [are] informed,” Kitingan said.Kitingan said that Hoch Standard and the state had not yet identified which of Sabah’s forests would fall under the terms of the agreement, only that they would fall under the Class I designation.

Kitingan said during the meeting that 70% of the revenues — not the profits, as Mongabay originally reported — would go to Sabah.30, state authorities signed a “nature conservation agreement” with a Singaporean firm, Hoch Standard Pte.

Read full story at mongabay.com