We possess a wealth of experienced talents and a robust infrastructure foundation , which place us ahead of our counterparts . As an unheralded fact , our remarkable ranking in the Energy Transition Index reaffirms our readiness for the forthcoming energy shift . Given our existing systems , this transition promises to be harmonious and inclusive .” |
initiative , set to be led by Khazanah Nasional Berhad and executed through a collaboration between UEM and ITRAMAS . Boasting a capacity of 1 GW , this hybrid solar photovoltaic ( PV ) power facility stands as Southeast Asia ’ s most extensive of its type , garnering substantial investments of RM6 billion from prominent international economic entities . 2 . Energy Efficiency and Conservation Improving energy efficiency and promoting energy conservation are crucial for achieving sustainability and reducing energy consumption . The NETR includes several flagship catalysts projects in this area , such as :
• Building Energy Efficiency : The government plans to implement energy efficiency measures in buildings , including adopting green building standards and promoting energy-efficient appliances . It will be regulated under the proposed Energy Efficiency and Conservation Act led by NRECC . This will reduce energy consumption and lower electricity bills for consumers .
• Transportation Electrification : The NETR aims to accelerate the adoption of electric vehicles ( EVs ) in Malaysia . This includes the development of EV charging infrastructure , incentives for EV purchases , and promoting public transportation systems powered by clean energy . By transitioning to electric transportation , Malaysia can reduce its dependence on fossil fuels and improve air quality .
3 . Green Hydrogen and Energy
Storage Green hydrogen and energy storage technologies play a crucial role in integrating renewable energy into the grid and ensuring a stable and reliable energy supply . The NETR includes the following flagship catalyst projects in this area :
• Green Hydrogen Production : Malaysia aims to develop a green hydrogen industry by leveraging its renewable energy resources . This involves the production of hydrogen through electrolysis powered by renewable energy sources . Green hydrogen can be used as a clean fuel for various sectors , including transportation and industry . Implementing these catalyst projects in these two years is a daring ambition . One hydrogen getaway will be developed in Sarawak as the hydrogen hub and put in place the Carbon Capture and storage framework .
• Energy Storage Systems : To address the intermittency of renewable energy sources , the NETR emphasises the development of energy storage systems . This includes the deployment of battery storage technologies and the exploration of other innovative storage solutions . Energy storage systems will enable the efficient utilisation of renewable energy and enhance grid stability .
CHALLENGES BEYOND THE ENERGY TRILEMMA
While addressing the energy trilemma of security , affordability , and sustainability is paramount , other challenges must be considered and mitigated to ensure a successful transition . 1 . Lack of infrastructure and technology : The transition to a green economy requires significant investments in infrastructure and technology . Malaysia may face challenges in developing the necessary infrastructure and acquiring the required technology to support its energy transition . Being expected to attract probable investment opportunities estimated between RM435 billion and RM1.85 trillion by 2050 , we can overcome the issue . Significant allocation should be
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allocated for research and development to optimise renewable energy technologies , energy storage solutions , and smart grid systems . Besides incentives such as tax breaks and subsidies can encourage investment in renewable energy . Collaborations between research institutions , universities , and industries can accelerate the development of innovative solutions .
2 . Policy and Regulatory Frameworks : A clear and stable regulatory environment is crucial to provide a roadmap for energy investors and stakeholders . As Malaysia shifts its energy mix , policies must be aligned to incentivise renewable energy adoption , set carbon pricing mechanisms , and ensure a level playing field for all energy sources . Developing and implementing these policies effectively is a complex task that demands cooperation between various governmental departments and industry players .
3 . Public Awareness and Participation : The success of any energy transition depends on public support and engagement . Raising awareness , building understanding , and encouraging active participation among citizens are essential but challenging tasks .
BRIGHT FUTURE FOR MALAYSIA ’ S ENERGY TRANSITION
With a range of catalyst projects and identified focus areas , the NETR Phase 1 reflects the Malaysian government ’ s commitment to effecting an energy transition that addresses not only the energy trilemma but also a range of associated challenges . It also recognises that the involvement of the private sector and members of the public is pivotal in such a transition , as evidenced by the fact that these parties will drive a number of the catalyst projects .
The implementation of the National Energy Transition Roadmap has the potential to bring about significant impacts , including :
• Reduced carbon emissions : The roadmap ’ s focus on emissions reduction targets and establishing a low-carbon pathway could significantly reduce Malaysia ’ s carbon emissions .
• Increased energy security : The NETR aims to ensure energy security , which could help reduce Malaysia ’ s dependence on fossil fuels and increase
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the country ’ s energy independence .
• Economic growth : The NETR ’ s focus on promoting economic growth could lead to new industries and job creation in the renewable energy sector .
• Improved environmental sustainability : The NETR ’ s focus on establishing a low-carbon pathway and reducing carbon emissions could lead to improved environmental sustainability in Malaysia . In conclusion , the emergence of the
NETR presents a tangible chance for us to lead Southeast Asia in renewable energy and stand as a formidable regional force . The strategic advantage of our location , bridging economic blocs and enabling efficient energy logistics , cannot be underestimated . Our adaptive spirit , cultivated through years of open trade , positions us to navigate the complexities of changing geopolitics and partnerships .
We possess a wealth of experienced talents and a robust infrastructure foundation , which place us ahead of our counterparts . As an unheralded fact , our remarkable ranking in the Energy Transition Index reaffirms our readiness for the forthcoming energy shift . Given our existing systems , this transition promises to be harmonious and inclusive . The tide of collaboration in Southeast Asia is swelling , reshaping our region ’ s economic landscape . The visionary concept of special economic zones , as exemplified by the Johor-Singapore proposal , underscores the strength of unity .
Malaysia ’ s pivotal role in the Lao- Thailand-Malaysia-Singapore Power Integration Project ( LTMS-PIP ) further underscores our commitment to crossborder energy trade and a collective ASEAN Power Grid .
Therefore , the choice is ours to embrace this pivotal moment and stride confidently into a future where Malaysia leads , not follows . The promise of the NETR and our inherent strengths position us to pioneer a brighter , sustainable era for Southeast Asia and beyond . – @ Green
R Puvaneswari is the managing director of Global Tunikara Sdn Bhd , an environmental company with broad experience in developing green technology projects , renewable energy technologies , climate change adaptation and mitigation projects , and carbon management .
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