Malaysia unveiled a detailed national energy transition roadmap (NETR) on Aug. 29, which sets out initiatives the government will undertake to achieve 2050 net zero target.
The government launched the first phase of NETR in July, which comprises renewable energy, hydrogen, bioenergy, green mobility, energy efficiency, and carbon capture, utilization and storage (CCUS).
The latest version of the roadmap indicates that the government will also launch a national energy transition facility (NETF), with 2 billion ringgit allocated as the initial seed fund.
Projects under the NETR are expected to attract investments of more than 25 billion ringgit and reduce emissions by more than 10 million t/yr of CO2 equivalent (CO2e). The NETR also aims to set up a national committee to strengthen cross-sector collaboration in policy planning.
