Economy minister Rafizi Ramli says the council is a strong signal of Putrajaya’s intention to move beyond blueprints and into the nitty-gritty of implementation.
Economy minister Rafizi Ramli said strong governance, substantial financing, and a credible and transparent exchange system are critical bedrocks of the National Energy Transition Roadmap.
“The National Energy Council’s establishment is the strongest signal yet of the government’s intention of moving beyond blueprints and into the nitty-gritty of implementation,” he said in his keynote address at the second day of the Energy Transition Conference here today. He also said the RM2 billion National Energy Transition Facility is not just another facility that houses government investments, but would serve as an innovative blended financial instrument that combines funding from public, private, and philanthropic channels.
Rafizi said Malaysia would never be able to fully unlock the true potential of renewable energy without establishing a physical energy exchange in the country. “To make this exchange fair and transparent, a single market aggregator will need to be established so that the exchange is trusted by not only local buyers and sellers, but also internationally,” he said.
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