Qualampur: Malaysia’s push for a low and carbon future achieved new pace yesterday as senior government and financial leaders promised intensive cooperation to accelerate energy infection.
This pledge was occurred when Deputy Prime Minister and Energy Infection and Water Change Minister Datuk Seri Fadillah Yusoff confirmed the government’s commitment to create a flexible, inexpensive and inclusive energy system
“Our energy infection should be included, regularly aligned and should be based in realism,” Fadillah today said in the talk on “Green Energy Transition Driving” in his main address at MBSB Group’s ministerial lunch.
“We are not chasing ideals, we are shaping the results,” they insisted.
He insisted that the infection is not only about technology, but also about trust, empowerment and livelihood protection.
Fadillah revealed that until July, renewable energy took 31% of Malaysia’s power mixture, leading the solar capacity over 4,200mw. He said that the country was on track to get 2035 by 2035 and 70% by 2050 by 2035 under the National Energy Transition Roadmap (NETR).
This year, as a chair of ASEAN, Malaysia will lead to efforts to expand the ASEAN Power Grid and expand the border renewable energy trading. The Energy Exchange Malaysia, launched last year, enabled the first export of renewable energy to Singapore.
Later, speaking at a press conference, Fadillah confirmed the upcoming reforms in the net energy metering scheme, which currently allows solar users to sell extra power to the grid. “People who do not have solar panels still pay full tariffs, so we should re -look at the system to make it more justified,” he said.
Two mechanisms are being introduced: SELCO, which promotes the self -ease of solar energy with alternative battery storage and Krim, which allows communities to jointly use and use renewable energy resources within 5 km radius.
“This is about democratizing energy,” Fadillah said, saying that the community can control their own use, not only individuals.
On future energy sources, he said that nuclear power remained under study, no decision was required until 2030.
“Security, social wells and environmental concerns should be fully evaluated. It is too early to say whether we will use it or not.”
On the large ‘scale, solar development remains a central pillar of Malaysia’s renewable push. The recently concluded LSS Petra 5+ program will add 2GW solar capacity by 2027, but the LSS6 round will later rest on the actual consumption data rather than the approximate demand, especially from data centers.
Fadillah called for to support SMEs in supply chains, highlighting financial institutions from financial institutions to increase investment in green infrastructure and highlight the global leadership of Malaysia in Islamic Sustainable Finance.
“Infection for a clean economy is not a cost, it is an investment,” he said, given that Malaysia requires US $ 143 billion in financing by 2050 to meet its transition goals.
Meanwhile, MBSB Group President Datuk Van Kamarujaman Van Ahmed said that stability is “not a standalone initiative” but is embedded at the core of the group’s corporate strategy.
“These are not slogans. We are financing the Green Future of Malaysia – a locomotion upgrade, a roof solar system, an waste at a time ERN energy facility.”
He revealed that MBSB raised RM4.75 billion in permanent and infection of alignment in 2024, which was about 30% of its total financing for the year. Over the last 18 months, approximately RM3 billion has been broadcast in projects including cum -emission locomotives for Karetpi Tanah Melaiu Bhad, renewed in Malaysia’s first floating solar array, Johor and Landfill Gas Capture features in Pantai Remis.
Van Kamarujaman said, “There is oxygen of finance infection. When we do our work well, engineers can design boldly, entrepreneurs can be quickly on scale and policy makers can take up their ambitions.”
The event also identified the formalities of a strategic partnership between MBSB and Cypark Resources BHD to pursue energy initiatives from renewable energy and waste and
Looking forward, MBSB will conduct a syariah and sustainability center of eccelling, which will launch a client transition insupping program with sector and specific toolkit and advisory services, to co -co -operate Islamic Green Finance Instruments, and a third of perfections of its operation Will publish the baseline. The group has also given 50,000 volunteers hours for community and environmental initiative by 2030.
The event attracted the importance of public invoivite private cooperation in achieving Malaysia’s climate ambitions, and attracted senior representatives of Employees Provident Fund, Permodalan Nasian BHD, corporate partners and SME.
