Malasia publishes National Energy Transition Roadmap (NETR)
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Malaysia has launched its National Energy Transition Roadmap (NETR), a joined-up strategy to reach net zero carbon by 2050, tackle climate change, enhance energy security and ensure long-term sustainability.
The roadmap is key to Malaysia’s commitment to Responsible Transition (RT) away from fossil fuels, encompassing electricity generation, transportation, industrial processes, and residential energy consumption.
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The NETR includes a gradual increase in renewable energy shares, targeting 31% by 2025, 40% by 2035 and 70% by 2050.
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It identifies six energy transition levers: energy efficiency, renewable energy, hydrogen, bioenergy, green mobility and Carbon Capture, Utilisation and Storage (CCUS). These have initially been structured into 10 flagship projects.
The flagship projects alone are expected to attract investment exceeding RM25 billion (£4.1 billion) and create 23,000 jobs.
The Malaysian Investment Development Authority said: “Projections indicate that the RT initiative could yield investment opportunities between RM1.2 trillion to RM1.3 trillion (£212 to £215 billion) by 2050. This trajectory foresees an additional contribution of RM220 billion (£35 billion) to the Gross Domestic Product (GDP) and generate approximately 310,000 green growth job opportunities by 2050.
“Notably, these economic advantages are expected to be inclusive, benefiting medium and low-income households, and facilitating widespread societal advancement.”
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