Malaysia is striving for energy transition and underwent a cabinet reshuffle on Tuesday (12/12). The previous Ministry of Natural Resources, Environment and Climate Change has been split into two departments, seen as an effort to enhance administrative efficiency and demonstrate a commitment to green energy development. Recently, officials have urged businesses to incorporate "decarbonization" into their long-term strategic development. However, they also acknowledge that the insufficient funding for upgrading the national power grid is the current major challenge.
On the first anniversary of his administration, Anwar Ibrahim reshuffled the cabinet for the first time. The Ministry of Natural Resources, Environment and Climate Change (NRECC) has been divided into the Ministry of Energy Transition and Public Utility and the Ministry of Natural Resource and Environmental Sustainability. Central News Agency reports Ted Lee, a researcher at the Merdeka Center for Opinion Research, said that the Anwar government identified the biggest financial burden on the country as petrol subsidies. Therefore, a focus on encouraging electric vehicle use and gradually reducing dependence on oil will be a key policy, especially with measures to address wealth inequality.
