Energising the nation, powering the future


THE government is committed towards ensuring an energy transition that is fair, inclusive and equitable, while balancing the energy trilemma, namely energy security, affordability and environmental sustainability.The National Energy Transition Roadmap (NETR) outlines the intended direction of the nation in exploring new energy sources, developing future capabilities and shaping market demand in a green economy.

This further supports the commitment to a just energy transition that benefits the rakyat, creates business opportunities and supports technological innovation through a whole-of-nation approach.

In line with the Putrajaya Low Carbon Green City initiative, 11 locations have been selected for solar roof installations through a collaboration between Tenaga Nasional Bhd and Gentari. These solar roofs help lower Greenhouse Gas emissions, decrease carbon footprint, support climate change mitigation efforts, thereby reducing operating costs.

Moreover, the government is also promoting the green economy through the development of a high-tech hub with the establishment of the Kerian Integrated Green Industrial Park (KIGIP).

This park will provide opportunities to expand the electrical and electronics cluster by creating synergies in the northern region.

Designed as a green and smart industrial model powered by renewable energy (RE), KIGIP will incorporate a 700- acre solar farm, contributing to Malaysia’s 2050 net-zero aspiration.

On the sustainable environmental front, Malaysia is committed to promoting low-carbon and climate-resilient policies, with energy transition serving as a crucial lever to accelerate these efforts. Energy transition is a structural shift in the energy sector towards cleaner sources, increased use of RE and a significant reduction in carbon emissions.The ongoing transition is expected to take place at an accelerated pace, driven by rapid technological progress and implementation of strong climate change policies.

In response to the complexities of energy transition and the need to balance energy security, access to affordable energy and environmental sustainability, the government introduced the NETR in August 2023.

The roadmap, which works in parallel with the initiatives under the National Energy Policy 2022 - 2040 and the New Industrial Master Plan 2030, aims to further amplify Malaysia’s commitments to achieve the net-zero aspirations by 2050.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Ringgit seen softer next week on bullish greenback
Household debt-to-GDP ratio remains stable
Genting’s legal tangle spooks investors
Newly enacted financial Act to mitigate fiscal health
Corporate heads share their thoughts
Prudent, transparent approach to debt reporting
Aiming to achieve a prudent debt level
Indonesia's Labuan Bajo a rising star
Phased approach to targeting subsidies
Exsim secures RM60mil job

Others Also Read