Grid investments, electricity planning and sectoral reform needed to decarbonise Malaysia’s energy sector
While Malaysia has pledged an ambitious 70 per cent renewable energy target by 2050, mobilising investments in the grid and utilising “quick wins” may be key to realising goals while awaiting sectoral reforms.
House committee approves tax perks section of decarbonization measure
A HOUSE OF REPRESENTATIVES committee approved on Monday the tax incentive package contained in a bill seeking to regulate the low-carbon economy.
Malaysia commits to net zero emissions by 2050
Malaysia has committed to achieving net-zero greenhouse gas emissions by 2050, positioning itself as a responsible global player in the fight against climate change despite contributing just 0.8% of global emissions.
Samsung boosts renewable energy in Vietnam facilities
Samsung Electronics Co. said on Wednesday its Vietnam facilities will ramp up eco-friendly operations by directly purchasing renewable energy under Vietnam’s new DPPA system.
Singapore’s climate reporting rises, but net-zero commitments lag
Climate reporting efforts began for 96% of issuers in FY 2023. Nearly all Singapore-listed companies have begun reporting climate-related disclosures, EY reported.
Vietnam mandates emissions testing for motorcycles next year
The Law on Road Traffic Order and Safety that will take effect on Jan. 1, 2025 mandates that motorcycles must undergo emissions testing at vehicle inspection centers.
Thai Nguyen proactive in its green growth journey
On June 18, Nguyen Thanh Binh, Deputy Chairman of Thai Nguyen People’s Committee, met with a working group from Global Advisory, a leading consulting firm in Australia specialised in providing in-depth financial consulting, to discuss solutions to promote green growth and reduce carbon emissions in the province.
Malaysia forms decarbonisation committee to drive low-carbon development
The Malaysian government has agreed to establish a National Decarbonisation Committee involving state governments and relevant stakeholders to ensure a balanced and orderly transition to low-carbon development.
