VIP Luncheon with Minister of Energy, Science, Technology Environment & Climate Change - YB Yeo Bee Yin
From 2 to 20 percent! Increase tenfold renewable energy in the New Malaysia by 2025
Malaysia is heavily dependent on coal-fired power plants. Coal is mostly produced outside the country. Renewable energy must be further developed to mitigate this risk and to improve sustainability.
In the Pakatan Harapan manifesto, the coalition pledged to increase renewable energy from the current 2% to 20% by 2025. Pakatan also pledged to reduce the dependence on coal-fired power plants which is one of the power generation methods that has a serious impact on CO2 emissions. Furthermore, Minister of MESTECC YB Yeo Bee Yin recently stated recently that more transparency must be introduced in the way Independent Power Producer (IPP) contracts are awarded. The ultimate goal is to develop a new energy industry centred around renewable energy and able to provide "affordable, reliable, sustainable and long-term energy" for Malaysia.
In conjunction with reviewing energy generation strategies and policies, it is imperative to look also into a more efficient use of energy in order to minimise energy wastage in the industrial, commercial and residential sectors.
This Luncheon will discuss main policies, strategies and initiatives taken by the Malaysian government on renewable energy. Also, we will get to hear fresh perspectives from the newly restructured ministry (MESTECC) on renewable energy as the solution for a long term energy security, affordability as well as to the rural people.