The Brunei National Climate Change Policy (BNCCP) was launched in 2020 outlining the main strategy in dealing with climate change issues.
The tree planting is part of BNCP’s Strategy II to increase the country’s carbon sink through afforestation and reforestation programmes with a target of planting 500,000 new trees by 2035.
The matter was stated by the Minister in the Prime Minister's Office and Minister of Finance and Economy II, Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd. Amin Liew bin Abdullah during the Tree Planting Event.
Since the launch of the BNCCP, Yang Berhormat added, nearly 80,000 trees have been successfully planted which demonstrates the government's efforts to preserve and expand forest cover to reduce carbon emissions, maintain biodiversity, and promote sustainable development.
"Trees are renewable sources of energy in the form of biomass and they offer shade of cooling, promote energy conservation and provide economic opportunities. Alhamdulillah, Brunei Darussalam is blessed with a lush rainforest - home to a wealth of natural resources that can contribute to our economy,” said Yang Berhormat.
Yang Berhormat said trees are a valuable asset in our efforts to fight against climate change. It can also generate carbon credits, therefore an economic incentive to invest responsibly in sustainable forest management practices.
“By preserving and expanding forest cover, we contributing to the well-being of our planet, our country, and future generations. I urge all to embrace this iniative and join hands to address climate change and promote sustainability for a low carbon and climate resilient Brunei Darussalam,” said Yang Berhormat.
Earlier, the General Manager of UOB Asset Management Brunei (UOBAM Brunei), Awang Kamal bin Haji Muhammad said, UOBAM Brunei appreciates the importance of increasing community awareness in the area of sustainability.
Together with Green Brunei he added, UOBAM intends to strengthen cooperation among industry players in the country and support a sustainable environment for a better future.
The event, according to him, also marks one of our efforts in environmental preservation.
Organised by UOBAM Brunei and Green Brunei, the event is also supported by the Brunei Climate Change Secretariat, which aims to raise public awareness of climate change issues and promote environmental conservation.
Over 100 representatives from 19 organisations, including Brunei Darussalam Central Bank (BDCB), Brunei Investment Agency and Tabung Amanah Islam Brunei Corporation gathered to plant 63 'Bucida Molineti' saplings of the 'Combretum'.
Also present were the Deputy Minister of Finance and Economy (Economy), Yang Mulia Dato Seri Paduka Awang Haji Khairuddin bin Haji Abdul Hamid; The High Commissioner of the Republic of Singapore to Brunei Darussalam, His Excellency Heng Aik Yeow; and Permanent Secretary, Ministry of Finance and Economy.