KUALA LUMPUR, Aug 28 — The government is hoping to work closely with all parties in the renewable energy (RE) industry to ensure a just and systematic transition, considering the...
KUALA LUMPUR, Aug 28 — The government is hoping to work closely with all parties in the renewable energy industry to ensure a just and systematic transition, considering the energy trilemma of affordability, security and sustainability.
“Taking into account the Malaysia Energy Transition Outlook report, the government has announced an enhanced commitment to undertake an aspirational low-carbon energy pathway to accelerate our RE deployment in the power sector to 70 per cent, or 55 gigawatts by 2050, compared to the current level of 25 per cent, or 10GW, and the existing target of 40 per cent in 2050.
Nik Nazmi said the government has also decided to allow cross-border trade of RE as a two pronged-strategy for Malaysia to capitalise and explore new higher-value RE demand in neighbouring countries, which will enable Malaysia to offer and enjoy greater grid flexibility with higher RE integration under the Asean Power Grid initiative.
He said cross-border RE trading will be part of Malaysia’s contribution to the creation of the APG and, one would argue, towards strengthening Asean integration as a whole.
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