Malaysia is trailing its South-east Asian neighbours on clean energy expansion. Read more at straitstimes.com.
KUALA LUMPUR - Malaysian Chuan Zhen Ko’s passion for clean energy and climate change was first ignited by his university lecturers and watching the 2006 Oscar-winning documentary “An Inconvenient Truth”, starring former US Vice-President Al Gore.
Nonetheless, Ko and other energy experts warned that Malaysia is trailing its South-east Asian neighbours on clean energy expansion, as a lack of financial incentives and investment, coupled with red-tape, hold back the big projects needed for the country to meet its ambitious climate goals. Malaysia lacks “strong” renewable energy policies, said Saibasan, whose firm published a report on Malaysia’s power sector last week.
Malaysia has previously provided incentives to invest in solar - which has the greatest potential, experts say. Other promising options for Malaysia are bioenergy sourced from the palm oil industry and hydropower. Malaysia’s 2050 zero-emissions goal is a “significant signal of intention” for a developing South-east Asian country, noted Kwong. But consistent, longer-term plans to aid the expansion of renewables are needed to reach that and other targets, he added.
“The way that gets managed is not only through Malaysia but through international assistance and support, and that conversation has begun,” he added.
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