NOVEMBER-DECEMBER . 2023 | @ green

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Low Carbon Cities Masterplan , Green Technology Master Plan Malaysia 2017- 2030 , Low Carbon Mobility Blueprint , and GHG emissions reduction plans from state governments and the private sector .

“ The resulting development of the NETR unfolds in two parts . Part 1 delineates the 10 flagship catalyst projects and impact initiatives based on six energy transition levers . These include energy efficiency ( EE ), renewable energy ( RE ), hydrogen , bioenergy , green mobility , and carbon capture , utilisation , and storage ( CCUS ).

“ These transition levers are further complemented by five enablers : financ-

IN LINE with the development of the National Energy Transition Roadmap ( NETR ), the Ministry of Economy has collaborated with the Ministry of National Resources , Environment and Climate Change ( NRECC ) to review and update existing policies on renewable energy ( RE ), leading to the following decisions :

• Increase the target for installed RE capacity from 40 per cent in 2040 to 70 per cent by 2050 . The higher target is expected to generate new economic opportunities by attracting multinational companies , especially RE 100 companies , to operate in Malaysia

• Expand RE development based on the concept of a self-contained system to encourage investment in the RE value chain and diversify RE programmes according to the principle of willing buyer , willing seller

• Scale up the installation of solar systems in government buildings

• Allow cross-border RE trade through the establishment of an electricity exchange system . Commenting on reviewing these policies , SEDA

Malaysia Chairman Ahmad Zairin Ismail said the establishment of the RE exchange system would position Malaysia as a regional hub for RE while giving added impetus to and building on the ASEAN Power Grid ( APG ) initiative .

“ Malaysia is one of the key members participating in the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project ( LTMSPIP ), the pathfinder to advance cross-border power trade among ASEAN member states under the APG .

“ The government is also cognisant of the need to bolster the national power grid to accommodate higher RE uptake . This may come in the form of future-proofing Malaysia Electricity Supply Industry ( MESI ) elements , including introducing smart grid features and enabling the grid for third-party access .”

New policies and strategies have steadily developed within the whole-of-nation approach to complement NETR in strengthening Malaysia ’ s low-carbon transition . Among others include :

• the Nationally Determined Contribution ( NDC ) Roadmap , Long-Term Low Emissions Development Strategies ( LT-LEDS ) and Future Proofing MESI by the NRECC

• the Carbon Pricing Instrument developed by the Ministry of Finance ( MOF )

• the National ESG Industry Framework , the New Industrial Master Plan ( NIMP ) and the Chemical Industry Roadmap ( CIR ) by the Ministry of Investment , Trade and Industry ( MITI )

• the Hydrogen Economy and Technology Roadmap ( HETR ) by the Ministry of Science , Technology and Innovation ( MOSTI ) the National Biomass Action Plan by the Ministry of Plantation and Commodities ( KPK ). “ Natural gas will continue to play a pivotal role in

Malaysia ’ s energy landscape as the nation moves towards a low-carbon economy . To this end , the Ministry of Economy is developing the Natural Gas Roadmap ( NGR ) to optimise the value of indigenous natural gas resources , increase domestic natural gas use , enhance the security of supply and access to cost-competitive natural gas , and position natural gas to support Malaysia ’ s energy transition ,” said Zairin .