Akmal Nasrullah: Malaysia’s renewable energy transition to catalyse RM4.3b investment, create 7,738 jobs
KUALA LUMPUR, Aug 11 — Malaysia’s renewable energy transition is expected to catalyse about RM4.3 bill...
Malaysia is on track to achieve RM85 billion in net energy savings over the next decade, as part of its ambitious plan to transition towards net-zero emissions by 2050. The National Energy Efficiency Policy and Action Plan 2026-2035 (NEEAP 2.0) was launched by the Ministry of Energy Transition and Water Transformation (PETRA) today, alongside the 7th International Sustainable Energy Summit (ISES).
NEEAP 2.0 aims to increase electricity and thermal energy efficiency by 11.6% compared to a business-as-usual scenario, resulting in an estimated 815,000 terajoules (TJ) of cumulative energy savings. This ambitious plan is expected to attract RM36 billion in private investment and create approximately 29,000 new employment opportunities, further bolstering Malaysia's green economy and energy transition.
In addition to economic benefits, NEEAP 2.0 is projected to reduce carbon emissions by 26 million tonnes of carbon dioxide equivalent (tCO₂eq) by 2035, aligning with Malaysia's MADANI agenda to promote efficient and sustainable energy use while ensuring public wellbeing, low-carbon development, and long-term sustainability of the country's energy resources.
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