'Rather than tax the use of carbon, we incentivise it with a fuel subsidy! It’s supposed to be “for the poor” but of the RM50bil spent by the government on fuel subsidies in 2022, only 24% (benefited) the lower income group.' - Mangai Balasegaram
A tug boat pushing a coal-carrying barge on Mahakam river in Samarinda, East Kalimantan, Indonesia, in December. The potential to burn coal for use in the electricity, cement, steel and other sectors went up in 2022 despite global promises to phase down the fuel that's the biggest source of planet-warming gases in the atmosphere, according to a new flagship United Nations report released on April 3, 2023.
The latest report by the Intergovernmental Panel on Climate Change , based on the consensus of 700 scientists, is bone-chilling. It warns we must act now to prevent irrevocable change – greenhouse gas emissions must be cut by HALF by 2030 , to prevent global warming of over 1.5°C. What’s more, scientists say that above 1.5°C, there are probably dangerous tipping points which, when crossed, could trigger irreversible critical changes that further amplify warming, such as the melting of permafrost or Antarctic ice sheets.
The most critical change in Malaysia must come from the energy sector, which accounts for the bulk of the country’s emissions. According to climateanalytics.org and the International Energy Agency, in September 2021, fossil fuels made up about 82% of Malaysia’s energy mix. The plans to shift that mix are incremental and not near-term at all. That has to change.
But can Malaysia do this? The energy sector here massively favours independent power producers . They have enjoyed lucrative power purchasing agreements , described by some as “lopsided” as they favour the IPP rather than the public and transfer costs to the consumer.
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