GOVT TO PUSH R.E. SECTOR
Two flagship programmes to stimulate growth, reduce CO2 emissions
THE use of renewable energy (RE) will gain further traction this year via the government’s initiatives and incentives aimed at reducing Malaysia’s carbon dioxide (CO2) emissions.
Acting Deputy Energy, Green Technology and Water Minister Datuk Seri Devamany S. Krishnasamy said this year would see two RE flagship programmes in Malaysia — the Net Energy Metering (NEM) initiative and Large Scale Solar (LSS) programme, both focused on stimulating RE growth.
“The NEM initiative will not only reduce electricity bills, but will also contribute to the reduction of CO2 emissions.
“The LSS programme is estimated to contribute 1,000mw via RE sources by 2020,” he said.
He was speaking after officiating at the Electric, Power and Renewable Energy (EPRE) conference here yesterday.
He said the main challenge for Malaysia was ensuring the longterm economic sustainability of RE.
“We need to implement the appropriate framework that allows the sector to become self-sustaining, while ensuring it doesn’t burden the taxpayer,” he said.
Touching on this year’s International Greentech and Eco Products Exhibition and Conference (IGEM), Devamany said the event was expected to generate business leads valued at RM1.6 billion.
The annual event, now in its eighth year, will be held at the Kuala Lumpur Convention Centre from October 11 to 13. It will feature 300 exhibitors and is expected to draw 30,000 visitors from 20 countries.
Devamany said IGEM continued to play a pivotal role in spurring international trade in Malaysia.
“IGEM continues to cement Malaysia’s position as a centre for green technology and boasts an impressive track record of generating business leads that have catapulted investment in the green sector,” he said.
The ministry, as the lead organiser, is targeting to generate RM1.6 billion in business deals at the event.
IGEM is co-organised by the Malaysian Green Technology Corporation( Green Tech Malaysia) and Malaysian Exhibition Services (MES).
The organisers said IGEM would highlight key sectors, such as green transport, green buildings, waste technology and management, water technology and management and solar energy.
IGEM will also see the participation of the Japan External Trade Organisation, Taiwan External Trade Development Council, and international players such as ABB Malaysia, Atlantic Blue, Gading Kencana, Hanwha Q-Cell and Itramas Manufacturing.