CEO Morning Brief

PM: Implentation of National Low Carbon Aspiration 2040 Plan Will Expand Average GDP Growth by RM13 Bil Annually

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Publish date: Tue, 20 Sep 2022, 08:33 AM
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TheEdge CEO Morning Brief
PM Datuk Seri Ismail Sabri Yaakob at the launch of the National Energy Policy 2022-2040 in Putrajaya on Monday, Sept 19, 2022. With him is Minister in the PM’s Dept (Economy) Datuk Seri Mustapa Mohamed. (Bernama pic)

PUTRAJAYA (Sept 19): The holistic implementation of the National Low Carbon Aspiration 2040 plan is expected to expand gross domestic product growth (GDP) by RM13 billion a year and generate over 207,000 jobs.

Prime Minister Datuk Seri Ismail Sabri Yaakob said the aspiration under the National Energy Policy 2022-2040 (DTN) that was launched on Monday (Sept 19) will help the country achieve net zero gas house emissions (GHG ) in 2050, as it faces the challenges of energy transition and climate change.

The aspiration has nine targets to be achieved by 2040, among them being shared mode of public transport of 50%, use of electric vehicles (EVs) of 38%; use of the B30 mixed fuel for heavy vehicles as an alternative fuel, as well as energy savings of 11% for industry and commercial use and 10% for residential use.

“The government is confident that the DTN is capable of ensuring that the energy sector is always ready to face future challenges.

“The sector is poised to open a new chapter, in line with global trends that have seen new sectors that are low carbon such as the use of EVs and new energy sources such as hydrogen and bio-based energy,” the premier said at the launch of the DTN here.

Source: TheEdge - 20 Sep 2022

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