Malaysia has a large extent of forest cover that plays a crucial role in storing biomass carbon and enhancing carbon sink (carbon sequestration) and reducing atmospheric greenhouse gas emissions, which helps to reduce the negative impacts of global climate change. This article estimates the economic value of forest carbon stock and carbon value per hectare of forested area based on the price of removing per ton CO₂eq in USD from 1990 to 2050. The economic value of biomass carbon stored in the forests is estimated at nearly USD 51 billion in 2020 and approximately USD 41 billion in 2050, whereas carbon value per hectare forest area is estimated at USD 2885 in 2020 and USD 2388 in 2050. If the BAU scenario of forest loss (converting forests to other land use) continues, the projected estimation of carbon stock and its economic value might fall until 2050 unless further initiatives on proper planning of forest management and ambitious policy implementation are taken. Instead, Malaysia’s CO₂ emission growth started to fall after 2010 due to rising forest carbon sink of 282 million tons between 2011 and 2016, indicating a huge potential of Malaysian forests for future climate change mitigation. The estimated and projected value of carbon stock in Malaysian forest biomass, annual growth of forest carbon, forest carbon density and carbon sink would be useful for the better understanding of enhancing carbon sink by avoiding deforestation, sustainable forest management, forest conservation and protection, accurate reporting of national carbon inventories and policy-making decisions. The findings of this study could also be useful in meeting emission reduction targets and policy implementation related to climate change mitigation in Malaysia.

Flood hazard is increasing in frequency and magnitude in major South East Asian metropolitan areas due to fast urban development and changes in climate, threatening people's property and life. Typically, flood management actions are mostly focused on large-scale defences, such as river embankments or discharge channels or tunnels. However, these are difficult to implement in town centres without affecting the value of their heritage districts and might not provide sufficient mitigation. Therefore, urban heritage buildings may become vulnerable to flood events, even when they were originally designed and built with intrinsic resilient measures, based on the local knowledge of the natural environment and its threats at the time. Their aesthetic and cultural and economic values mean that they can represent a proportionally high contribution to losses in any event. Hence it is worth investigating more localized, tailored mitigation measures. Vulnerability assessment studies are essential to inform the feasibility and development of such strategies. In this study we propose a multilevel methodology to assess the flood vulnerability and risk of residential buildings in an area of Kuala Lumpur, Malaysia, characterized by traditional timber housing. The multiscale flood vulnerability model is based on a wide range of parameters, covering building-specific parameters, neighbourhood conditions and catchment area conditions. The obtained vulnerability index shows the ability to reflect different exposure by different building types and their relative locations. The vulnerability model is combined with high-resolution fluvial and pluvial flood maps providing scenario events with 0.1 % annual exceedance probability (AEP). A damage function of generic applicability is developed to compute the economic losses at individual building and sample levels. The study provides evidence that results obtained for a small district can be scaled up to the city level, to inform both generic and specific protection strategies.