Malaysia is gearing up for its energy transition by launching two national strategic energy roadmaps this year, signaling its commitment to embracing sustainable and low-carbon solutions.
The national energy transition roadmap and the hydrogen economic and technology roadmap aim to drive Malaysia’s long-term energy security and expedite the transition to a greener future.
Prime Minister Anwar Ibrahim emphasized the significance of these roadmaps, stating that they will outline the overarching strategies and high-impact initiatives necessary to accelerate the energy transition efforts. The national energy transition roadmap will serve as a comprehensive guide, encompassing legislative and regulatory frameworks, private sector participation, and ten flagship energy transition projects.
Malaysia’s focus on energy transition is seen as a catalyst for upgrading the economy to the next level. Minister for Economic Affairs, Rafizi Ramli, highlighted the government’s determination to roll out these roadmaps within the next six months. The aim is to provide clarity and establish pathways that bring together various stakeholders, enabling a smooth transition while promoting economic diversification and growth.
Malaysia has already revised its nationally determined contribution (NDC), setting an unconditional target to reduce its carbon intensity against GDP by 45% by 2030 compared to 2005 levels. This commitment demonstrates Malaysia’s determination to mitigate climate change and embrace sustainable development.
The two upcoming roadmaps will also recognize the importance of gas in Malaysia’s energy mix during the transition to a lower-carbon economy. As a significant regional producer of gas and liquefied natural gas, Malaysia will leverage its existing gas resources while exploring cleaner and more sustainable alternatives.
In addition to addressing carbon emissions, Malaysia is prioritizing the management of methane, a potent greenhouse gas. The country aims to reduce methane emissions by 30% by 2030, compared to 2020 levels. By tackling both carbon dioxide and methane emissions, Malaysia is taking a comprehensive approach to combatting climate change.
The launch of these roadmaps is expected in the second half of this year, providing a clear roadmap for Malaysia’s energy transition. By capitalizing on opportunities arising from the energy transition, Malaysia aims to ensure its economy remains resilient, sustainable, and adaptable to the evolving global energy landscape.
