By Datuk Dr Joseph Lee, Chairman of KKIP Power SDN BHD
The Green Energy Initiative is a global movement that aims to promote the use of renewable energy sources and reduce greenhouse gas emissions. Renewable energy sources include solar, wind, hydro, biomass, geothermal, and hydrogen. These sources are cleaner, cheaper, and more sustainable than fossil fuels, which are the main contributors to climate change.
Malaysia is one of the countries that has committed to achieving carbon neutrality by 2050¹. This means that the country will balance its carbon emissions with carbon removal or offsetting. To achieve this goal, Malaysia has launched the National Energy Transition Roadmap (NETR), which seeks to open up investment opportunities between RM435 billion to RM1.85 trillion by 2050². The NETR comprises 10 flagship catalytic projects, such as the Integrated RE Zone, which is the largest hybrid solar photovoltaic power plant in Southeast Asia².
Malaysia also has a high potential for solar energy, as it is located in the equatorial zone and receives abundant sunlight throughout the year. Solar energy is now the cheapest form of electricity in many countries, and it can help households save up to 90% on their monthly bills³.
Another initiative that supports the green energy movement in Malaysia is the Green Electricity Tariff (GET) programme, which is offered by Tenaga Nasional Berhad (TNB), the national utility company. The GET programme allows customers to choose electricity generated from renewable sources and pay a premium for it. This way, customers can meet their environmental, social, and governance (ESG) commitments and reduce their carbon footprint.
Dr Joseph Lee 