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PETALING JAYA: It must be understood that carbon capture, utilisation, and storage (CCUS) is just one part of a wide range of strategies and activities that Malaysia is pursuing to address climate change, says Nik Nazmi Nik Ahmad (pic).
"While not a new technology, its widespread deployment is still limited mainly due to its high costs and the requirement of a large amount of energy to operate," the Natural Resources and Environmental Sustainability Minister said in a statement on Thursday (July 18).
"Furthermore, there is a risk of potential environmental damage from the leakage of the carbon dioxide being used,” he added.
Nik Nazmi said these challenges can be addressed through technological advancements, establishing strong regulatory frameworks, providing suitable incentives to the industry, and implementing carbon pricing initiatives to make it financially viable.
Nik Nazmi was responding to Rafizi Ramli's statement that the Federal Government has identified Terengganu, Pahang, Sabah, and Sarawak as potential leaders in the CCUS industry.
"I welcome the statement of the Economy Minister, as CCUS are a key lever in the National Energy Transition Roadmap (NETR) and Long Term Low Emission Development Strategy (LT-LEDS).
"A successful CCUS industry is a potential means for the states of Malaysia to take part in the green economy, climb the value chain, and improve their level of development as well as the welfare of the people.
"However, overall, CCUS should not be seen as the sole or even main decarbonisation lever but rather as complementing existing efforts, a lever that must be present in Malaysia's race to net zero.
"The ministry is working tirelessly to support the government's efforts in this and other initiatives to boost Malaysia's climate action," added Nik Nazmi.
