Fadillah Highlights Role Of Clear Policies, Private Innovation In Clean Energy Transition At CEM16
From Harizah Hanim Mohamed
BUSAN, Aug 26 (Bernama) -- Clear policy direction and regulatory certainty by the government must be matched by the private sector’s innovation, technology deployment and financing, as public-private collaboration is the key enabler in modernising power systems.
Deputy Prime Minister Datuk Seri Fadillah Yusof said at the Public-Private High-Level Dialogue on Power Transformation: Investing in Infrastructure of the Future that there is a need to recognise the scale of modernising power systems and the magnitude of the required investments which cannot be borne by governments alone.
Fadillah, who is also the Minister of Energy Transition and Water Transformation, added that by identifying enablers, addressing barriers and promoting practical investment pathways, opportunities can be unlocked not only to decarbonise power systems, but also to create new industries, strengthen electricity security and generate high-quality jobs across all economies.
“No economy can achieve this transformation alone. But together, through collaboration and shared ambition, we can build power systems that safeguard energy security, accelerate decarbonisation and drive sustainable prosperity for our people and future generations,” he said during his intervention at the 16th Clean Energy Ministerial (CEM16) and Mission Innovation 10 (MI10) in Busan today.
Malaysia as part of the 21-member economies in the Asia-Pacific Economic Cooperation (APEC) has been invited for an intervention during the CEM16/MI-10 forum, held alongside the APEC Energy Ministerial Meeting and the World Climate Industry Expo 2025.
CEM consists of 24 member nations and various international organisations, including Australia, China, the European Commission, India, Japan and the United States.
Citing Malaysia’s own experience, Fadillah said the country is witnessing strong private participation in large-scale solar, battery storage and grid digitalisation projects, all enabled by transparent policies and market frameworks.
He highlighted that as clean energy deployment accelerates, resilient, flexible and modernised power sector infrastructure will be essential to sustaining progress.
Fadillah also welcomed the CEM-MI Agenda for Action, launched in Brazil last year, as a timely framework to mobilise collective action and accelerate investments in clean energy infrastructure.
Speaking to the media after the CEM16 session, Fadillah said discussions between CEM16 members and industry players included the importance of improving the energy grid system in line with data centre needs and current needs.
"We not only want to focus on energy generation but on how to transmit energy to the population. Therefore, we need to improve grid capabilities, not only in the country, but also in relation to the ASEAN Power Grid," he explained.
Under Malaysia’s National Energy Transition Roadmap, the country is charting a path to achieve 70 per cent renewable energy capacity by 2050.
The roadmap outlines plans to scale up solar and hydropower, advance green hydrogen as a new energy frontier, and explore digital solutions for demand-side management.
Fadillah concluded his two-minute intervention by stressing that Malaysia is modernising the national grid, rolling out grid flexibility initiatives and strengthening regional interconnections through the ASEAN Power Grid.
“Without robust grids and secure electricity systems, we cannot fully realise the promise of the transition,” he said.
South Korea’s Vice Minister of Trade, Industry and Energy Lee Ho-hyun, in his remarks, said the world needs a powerful alliance that unites technology, policy, finance and industry.
“Through this meeting, we aim to share our challenges and opportunities, fostering a stronger global commitment to invest in our power infrastructure.
“Korea stands ready to be a dependable partner in this remarkable transition,” he said.
-- BERNAMA