Malaysia missing better rules, green energy to attract investment

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Malaysia missing better rules, green energy to attract investment
Green-EnergyH2ornbillHigh-Value-Investments
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Asia Zero Emission Community’s Takio Yamada says Malaysia must enhance its infrastructure to adequately support a sufficient green energy supply.

KUALA LUMPUR: Malaysia must improve in several areas to attract more high-value investments, according to Takio Yamada, ambassador of the Asia Zero Emission Community . Azec , comprising 11 member countries across the Asia-Pacific, including Japan, is dedicated to enhancing regional cooperation to achieve carbon neutrality and net-zero emissions.

In 2011, Japan established the Joint Crediting Mechanism to promote decarbonising technologies through investments by Japanese entities, with the goal of reducing greenhouse gas emission while supporting sustainable development in partner countries. While Malaysia aims to achieve 70% renewable energy capacity by 2050, as of 2023, renewables made up only 23% of its total power generation mix.

“But that’s not the only thing that we can do together. There are many opportunities we can explore to develop green energy supply capacity in Malaysia,” he said.

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