KUALA LUMPUR (March 21): The government is relooking at the ban on renewable energy export as a way to accelerate the country's energy transition, according to Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.
In a Linkedin post on Tuesday (March 21), the minister said whether the government lifts or maintains the ban, Malaysia's interests will be paramount.
“Any deal must be on our terms,” he said.
Nik Nazmi also said that during the town hall meeting on energy transition on March 7, he and Economy Minister Mohd Rafizi Ramli were asked to comment on whether Malaysia should seek to export renewable energy (RE).
“I acknowledge that there are arguments for and against this.
“However, I also noted that it is possible for Malaysia to scale up its RE production capacity to meet local needs.
“Alternatively, if Malaysia does export, we can and must sell at market rates. This will give us the wherewithal to scale up, including to make technology cheaper and introduce battery storage, among other things,” he said.
Nik Nazmi said exporting RE presents fascinating opportunities for Malaysia.
“What’s certain is that Malaysia must embrace sustainability to remain economically competitive, as well as create jobs for the rakyat.
“Committing to green energy does not mean that we are limiting ourselves.
“It opens up other possibilities, which could help Malaysia earn revenues to pursue additional economic developments,” he said.
https://www.theedgemarkets.com/node/660042
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024