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incentives : the Green Investment Tax Allowance ( GITA ) and Green Income Tax Exemption ( GITE ).
Since its introduction in 2016 , these incentives have attracted over RM9 billion in investments , supporting more than 1,000 projects across sectors like renewable energy , energy efficiency , electric vehicles , waste management , and green buildings .
This significant impact underscores the progress we ’ ve made in promoting sustainability .
MGTC has also been supporting low-carbon operations in industries . Its Low Carbon Operating System ( LCOS ) is a comprehensive framework that reduces carbon emissions across various industrial processes .
GLOBAL COMPETITION
It keeps Malaysia competitive in global markets , especially with mechanisms like the Carbon Border Adjustment Mechanism ( CBAM ) by the European Union taking shape . The commitment to this global competition reflects the nation ’ s determination and
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ambition in the sustainability arena .
Apart from that , MGTC has initiated programmes that reach out to various community groups , including houses of worship through the Rumah Ibadat Hijau ( RIH ) programme , to promote green practices and raise awareness about climate change to inspire sustainable living across diverse communities .
“ This initiative has resulted in a cumulative reduction of 286 tonnes of carbon dioxide emissions , equivalent to planting approximately 7,150 trees ,” he disclosed .
On the other hand , its green procurement initiatives , Government Green Procurement ( GGP ) and Private Green Procurement ( PGP ) are driving demand for environmentfriendly products and services across public and private sectors . Complementing these efforts is the MyHijau programme , which certifies green products and services . MGTC aims to certify 50,000 products by 2030 , with
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16,000 already registered under this initiative . MGTC is also driving efforts to reduce urban carbon footprints ; the Low Carbon Cities Framework ( LCCF ) was initiated to address city carbon emission issues .
“ This effort is ongoing as our country aims to establish 200 Low-Carbon Zones and 1,000 Low- Carbon Partners by 2030 .”
As it marks 25 years of advancing climate action , MGTC continues
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Interaction between exhibitor and visitor at IGEM 2023 .
to drive the nation ’ s green agenda forward through strategic alliances , innovative solutions , and setting an example for the region while meeting its environmental goals .
MGTC ’ s ongoing efforts underscore its unwavering commitment to not just advocating for green technology but actively shaping Malaysia ’ s position as a leader in global sustainability . – @ green
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