ADVANCING JUST ENERGY TRANSITION
Malaysia ’ s Sustainable Energy Development Prospectus
Areas
Investment Value ( RM billion )
Capacity & Generation Development 370
Development & Strengthening of Network
184 and Grid Infrastructure
Grid Energy Storage System Integration 50
Carbon Capture , Utilisation & Storage 33
Total 637
Projected Investment : Malaysia Energy Transition for the power sector in 2050
The policy on cross-border RE trading , as announced by the government in May 2023 , will be executed via the government-developed electricity exchange system . This system facilitates the exchange of surplus RE generation capacity with regional neighbours , contributing to the advancement of the ASEAN Power Grid ( APG ).
The government is also pioneering in promoting the hydrogen economy and CCUS , offering incentives to stimulate the growth of these green technologies .
Aligned with its long-term commitment to environmental sustainability , the government will further encourage businesses to adopt Environmental , Social , and Governance ( ESG ) principles , enhancing their competitiveness to meet global standards .
These initiatives involve the development of essential policies and regulatory frameworks , accompanied by substantial funding to support green growth and the transition to a lowcarbon economy .
Furthermore , providing accurate data and comprehensive reports is vital to assess and account for carbon emissions in line with international best practices . These collective efforts underscore Malaysia ’ s determination to lead the sustainability agenda , positioning the country as a frontrunner among developing nations .
This strategic approach underscores Malaysia ’ s commitment to a sustainable energy future and a significant move toward achieving its carbon reduction goals .
To realise the just energy transition in 2050 , Malaysia ’ s power sector requires a total investment of RM637 billion . This includes RM370 billion for Capacity & Generation Development , RM184 billion for the Development & Strengthening of Network and Grid Infrastructure , RM50 billion for Grid Energy Storage System Integration , and RM33 billion for Carbon Capture , Utilisation & Storage . •
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