Malaysia (Commonwealth Union)_ Malaysia’s Ministry of Natural Resources, Environment, and Climate Change (NRECC) unveiled Malaysia’s Sustainable Energy Development prospectus during the ongoing 28th Conference of the Parties (COP28), underscoring the nation’s strategic commitment to effecting a “just energy transition.” This initiative signifies Malaysia’s receptivity to international collaborations and delineates the comprehensive measures taken to reshape its energy landscape, reducing carbon emissions while upholding a steadfast dedication to a fair and responsible transition.
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NRECC Minister Nik Nazmi Nik Ahmad emphasized the imperative for Malaysia to transition towards sustainable energy, citing global commitments such as the Paris Agreement and the necessity to bolster economic diversification and energy security. During the launch event at the Malaysia Pavilion at COP28, Minister Nik Ahmad articulated the prospectus as a testament to Malaysia’s unwavering pledge to energy transition, detailing plans to expedite decarbonization, establish a modern and adaptable grid, and champion innovation and consumer empowerment.
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During the launch event at the Malaysia Pavilion at COP28, the minister articulated, “The launch of Malaysia’s Sustainable Energy Development prospectus signifies our commitment toward energy transition, with plans to accelerate the decarbonisation of energy generation, develop a modern and flexible grid, as well as embrace innovation and empower consumers”. He added, “With this, we welcome trade, technical, and policy collaboration with global partners in our collective endeavour for a low-carbon energy system and a sustainable future”. Nik Ahmad acknowledged the pivotal role of energy in addressing climate challenges, stressing the necessity for collaborative efforts within the industry to propel Malaysia towards its ambitious goal of achieving 70% renewable energy deployment by 2050, a significant leap from the current 25%.
In alignment with Malaysia’s commitment under the Paris Agreement, the prospectus outlines a target of a 45% reduction in carbon intensity to GDP by 2030 compared to 2005 levels. Nik Ahmad emphasized the collaborative nature of this initiative, acknowledging the essential contributions of various entities, including the Sustainable Energy Development Authority (Seda), Energy Commission (ST), Malaysian Green Technology and Climate Change Corporation (MGTC), and Tenaga Nasional Bhd (TNB). Developed in cooperation with these entities, the prospectus articulates Malaysia’s comprehensive plans and strategies, inviting energy-related companies to participate in and contribute to the nation’s quest for a sustainable energy transition.
