@Green January/February 2023 | Page 4

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@ green | JANUARY-FEBRUARY , 2023

SEDA can scale any peak

Hamzah said the Authority would deliver and improve the renewable energy industry in Malaysia

DUE to its vast potential and positive effects , renewable energy is receiving the attention it deserves . In 2020 , worldwide renewable energy was worth US $ 881.7 billion ; by 2030 , it is predicted to reach US $ 1.979 trillion .

The Sustainable Energy Development Authority ( SEDA ) Malaysia , founded under the Sustainable Energy Development Authority Act 2011 [ Act 726 ], has many initiatives to guarantee Malaysia doesn ’ t fall behind in the global renewable energy sector craze .
Being a statutory body , SEDA ’ s key role is to administer and manage the implementation of the Feed-in Tariff ( FiT ) mechanism , which is mandated under the Renewable Energy Act 2011 [ Act 725 ].
As a body in charge of promoting , stimulating , facilitating and developing sustainable energy and implementing the national policy objectives for renewable energy , SEDA has enormous tasks ahead . But no mountain is too high for this agency as it promises to deliver and continue improving the country ’ s renewable energy industry .
According to SEDA ’ s Chief Executive Officer ( CEO ), Dato ’ Hamzah Hussin , the rise in sustainable energy awareness globally is indeed a good thing , whereby more people have taken notice and have started to join in the conversation locally .
“ I believe this is a good time to ride on the interest and step up on our programmes ’ promotions and awareness to the public ,” said Hamzah , in an interview with Sustainable Energy Malaysia ( SEM ), SEDA ’ s quarterly magazine .
When asked about SEDA ’ s aspirations for 2023 and its plans to strengthen its position as the leading agency in sustainable energy development , Hamzah explained this would be achieved through close collaborations with the Ministry and the various agencies under it .
“ I believe SEDA will work harder to lead and grow the sustainable energy industry ,” he added .
KEEPING MALAYSIA ON TRACK
Elaborating on his expectations and hopes for Malaysia ’ s energy space in 2023 , Hamzah said the launch of several policy framework and guidelines such as the Malaysia Renewable Energy Roadmap ( MyRER ) and The National Energy Policy ( DTN ), which outline the strategy and future for the energy industry in Malaysia , will be something to look forward to in 2023 .
He wished to see more new technologies introduced and employed to ensure Malaysia is on the right track towards the set target of 31 per cent renewable energy installed mix capacity by 2025 and 40 per cent by 2035 , which aligns with the net zero targets by 2050 announced by then Prime Minister Datuk Seri Ismail Sabri .
Hamzah quoted the Director-General of the International Renewable Energy Agency ( IEA ), Francesco La Camera , at the International Sustainable Energy Summit ( ISES ) 2022 . In his keynote address on Malaysia Energy Transition Outlook ( METO ), La Camera highlighted the positive outlook for the share of renewable energy ( RE ) which will grow to 16 per cent of the total final energy consumption in 1.5 ° C from less than one per cent in 2018 .
He also pointed out that solar photovoltaic ( PV ) & hydropower would be Malaysia ’ s key technology for renewable energy power acceleration .
“ This is great news for SEDA as the implementing agency of the FiT mecha-