Knowledge Highlights 24 April 2024
Malaysia introduces National Energy Transition Roadmap
On 27 July 2023, Malaysia’s Ministry of Economy launched Part 1 of the National Energy Transition Roadmap (“NETR”). The NETR aims to accelerate the transition to clean energy, in line with the Twelfth Malaysia Plan 2021-2025 which outlines Malaysia’s aspirations to achieve net zero greenhouse gas (“GHG”) emissions by as early as 2050, and the National Energy Policy 2022-2040 which lays the groundwork for the transformation of the energy landscape.
Part 1 of the NETR outlines 10 flagship catalyst projects and initiatives based on six energy transition levers:
- Energy efficiency
- Renewable energy
- Hydrogen
- Bioenergy
- Green mobility
- Carbon capture, utilisation and storage ("CCUS")
On 29 August 2023, Part 2 of the NETR was launched. It focuses on establishing the energy mix, GHG emissions reduction pathway, selected targets and initiatives.
This Alert discusses the initiatives set out in the NETR.
To read this Alert, please click here.
This article has been prepared with the assistance of Associates Yap Jun Cheng and Kimberly Lim Ming Ying.
