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Malaysia to be Carbon Neutral by 2050

The transition towards a greener economy using renewable energy sources remains at the core of Malaysia’s socio-economic development.

Some interesting renewable energy related points highlighted in the document from the 12th Malaysia Plan (12MP):

• The government is committed to reduce up to 45% GHG emissions intensity to GDP by 2030
• Malaysia will no longer develop new coal-fired power plants
• More private sector companies will be encouraged to declare their aspirations to achieve net zero carbon emissions by 2050
• Economic instruments such as carbon pricing, Emission Trading Scheme (ETS) and the carbon tax will be introduced — companies with high carbon emissions may be faced with financial implications in the future
• Efforts will be intensified to deploy more rooftop solar PV through existing financing options, including solar leasing programme and PPA

With the country focused on transitioning to a lower carbon future, we, at Skye Renewables, are ready to support you.

Installing rooftop solar is a quick win initiative that can get you started on reducing carbon emissions while saving electricity costs!

If you are keen to learn more, do drop us a message, let’s get the conversation going.