Govt Reaffirms Commitment To Net-zero Emission By 2050 -- Nik Nazmi

KUALA LUMPUR, June 20 (Bernama) -- The government has reaffirmed its commitment to net-zero emissions by 2050 as well as increasing the share of renewable energy in power installed capacity from 25 to 70 per cent, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

He said the efforts supported by the introduction of Malaysia’s National Energy Transition Roadmap (NETR) that establishes the pathway for nation’s energy mix, greenhouse gas (GHG) emission reduction and energy transition initiatives.  

Nik Nazmi said achieving Malaysia’s net zero targets require careful balancing of an energy trilemma to ensure sustainable, secure and affordable energy for the future.

"The recent National Climate Change Action Council (MTPIN) meeting agreed to set up a National Decarbonisation Committee, which I will chair. Made up of the state governments and other stakeholders, its role is to ensure Malaysia’s transition to low-carbon development is orderly and inclusive. 

"The MTPIN also agreed that there should be a speeding up of various policies such as NETR, as well as the New Industrial Masterplan (NIMP) 2030, and the Hydrogen Economy and Technology Roadmap (HETR)," he said in his special address at the SIDC Sustainable and Responsible Investment (SRI) Conference 2024 here, today.

SIDC SRI Conference 2024 emphasises the need of global unity in prioritising sustainable investments for human wellbeing and the planet amidst escalating environmental challenges.

-- BERNAMA