A controversial carbon trading deal in Malaysian Borneo worth an estimated $76.5bn appears to be all but dead after being declared illegal by the state’s top lawyer, unfeasible by scientists, and unsellable by carbon trading experts.
The Nature Conservation Agreement (NCA) ostensibly protects 2 million hectares (4.9 million acres) of rainforest in the state of Sabah from logging for the next 100 years by selling the carbon stored in the trees, plants, soil and rivers to commercial polluters looking to offset their emissions.
