With strong collaboration from all stakeholders, the Sustainable Energy Development Authority (SEDA) is optimistic that Malaysia can achieve its objective of having zero carbon emissions by 2050 and maintain its standing as a developed nation.
The public, industry participants, and stakeholders must work together to ensure that the goal of 70% installed capacity for renewable energy (RE) and net zero carbon emissions by 2050 is met, according to Chairman Ahmad Zairin Ismail.
He stated in a statement today, “This is so that a decoupling effect could be observed between economic development and energy demand, resulting in low carbon emissions.”
He stated that over the last 12 years, the authority has been implementing a number of sustainable energy (SE) initiatives put forth by the government, such as programmes for energy consumption and management and clean energy generation from renewable energy resources.
“The initiatives will guarantee that the sector’s growth continues, all the while fulfilling the nation’s goal of reaching net zero carbon emissions by the year 2050,” the speaker stated.
Additionally, he stated that the country’s investment as well as carbon emissions might be reduced by the programmes implemented by SEDA, including the Net Energy Metering (NEM) initiative and the Feed-in Tariff (FiT) system.
“For instance, the NEM programme has successfully drawn local investment in RE projects worth RM3 billion in 2023 alone,” the speaker stated.
He said that other industries, including forestry and biodiversity, are equally crucial to the problem of climate change and are not just related to the energy industry.
“SEDA, in conjunction with the Ministry of Natural Resources, Environment, and Climate Change, and other agencies, bears a significant responsibility in spearheading the energy transition agenda, thereby curbing carbon emissions,” he continued.
