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The launching of the National Energy Transition Roadmap (NETR) marks an important transformational change in shaping how our energy is generated and used sustainably to meet our net-zero target.
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The NETR has outlined 50 initiatives under six energy transition levers and five cross-cutting enablers. Twelve (12) ministries and eight (8) government agencies and government-linked companies were identified as the spearheading champions to work together with all stakeholders to drive the energy transition and catalytic projects.
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It is clear that the Government is committed to advancing the energy transition movement of Malaysia. There are massive opportunities totalling between RM1.2 trillion and RM1.3 trillion by 2050 for more projects to be developed by both foreign and local investors.
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A good monitoring and evaluation system is important to track the progress of the NETR, including periodical updates to the investors and public in a timely manner.
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Towards this end, we welcome the establishment of the National Energy Council to set forth high-level strategic directions and policies, allowing for the working committees to coordinate and report the progress of the NETR.