Malaysia's government plans to accelerate the country's renewable energy (RE) initiatives through the two-phase Energy Transition Roadmap. Economy Minister Rafizi Ramli announces that the roadmap will be unveiled at the end of June and will outline key impact initiatives and implementation plans for the next two decades.
The roadmap aims to achieve net-zero emissions and requires an investment of RM637 billion. The first phase will focus on strategic projects, including hydrogens, large solar farms, and specialized RE industrial zones. The second phase will concentrate on enablers such as legislative reforms, incentives, and funding to expedite the energy transition.
Additionally, the government is prioritizing workforce development to ensure the availability of skilled individuals to support the growth of the green energy sector.