Malaysia Forest Fund appoints Dr Yasmin Rasyid as chair | Information | Eco-Enterprise

The Malaysia Forest Fund (MFF), a authorities company that generates funding for the forestry sector by carbon buying and selling and donations from corporates, has appointed the founding father of non-profit EcoKnights Dr Yasmin Rasyid as chairman. She’s going to exchange Datuk Dr Kamilia Binti Ibrahim within the function.

Yasmin takes on the brand new function as chairperson simply three months after her appointment as normal supervisor of the property arm of Malaysian conglomerate Sime Darby. 

Her function will contain strengthening MFF’s engagement with different authorities companies, non-government organisations and the non-public sector, addressing technical constraints, and elevating the profile of the organisation.

The Malaysia Forest Fund was fashioned beneath Malaysia’s Ministry of Pure Sources and Environmental Sustainability in 2021 to oversee the implementation of forest tasks in Malaysia, together with these beneath the REDD Plus Finance Framework, which was arrange in 2017 to curb deforestation in growing international locations by tapping carbon markets.

Conserving forests in Malaysia is expensive and extremely depending on public funding from the state or federal governments. In 2020 a paper was tabled to the Malaysian Cupboard for the institution of MFF to develop different strategies to fund forest conservation beneath the REDD Plus instrument. 

Among the close to time period initiatives Yasmin might be engaged on embrace overseeing the operationalisation of Forest Conservation Certificates (FCC), a certification scheme that helps forest conservation in Malaysia. She may also work on finalising the Forest Carbon Offset instrument, a home carbon crediting system slated for launch in the primary quarter of 2024.

Earlier than becoming a member of Sime Darby Property, Yasmin was sustainability director of Landlease Malaysia. She holds a Grasp of Science (M.Sc.) in Biotechnology and a PhD in sustainability research from Universiti Malaya. In 2005, she based EcoKnights, a non-governmental organisation centered on sustainable neighborhood growth.