Green tech plan to boost govt rev­enue

> Projects will help achieve RM180 bil­lion in earn­ings, says min­is­ter

The Sun (Malaysia) - - NEWS WITHOUT BORDERS - BY RAJVINDER SINGH

KUALA LUMPUR: The gov­ern­ment’s green tech­nol­ogy roadmap will help achieve a rev­enue of RM180 bil­lion and cre­ate more than 200,000 green jobs by 2030, said En­ergy, Green Tech­nol­ogy and Wa­ter Min­is­ter Datuk Seri Max­imus Johnity Ongk­ili.

He said this will be achieved via the Green Tech­nol­ogy Master Plan that was ap­proved by the Cab­i­net on Wednesday.

He added that the min­istry will be seek­ing RM5 bil­lion over the next five years to de­velop and im­ple­ment the plan and the min­istry will be ask­ing for an ini­tial RM1 bil­lion next year.

“The master­plan out­lines the coun­try’s strate­gic plans for green tech­nol­ogy devel­op­ment while cre­at­ing a low car­bon and re­source-ef­fi­cient econ­omy.

“It pro­vides a con­sis­tent frame­work to align the strate­gic goals of stake­hold­ers across the coun­try, en­abling a con­certed national ef­fort that will lever­age on green tech­nol­ogy to bal­ance the growth for eco­nomic in­ter­ests,” Max­imus told re­porters after launch­ing the 8th In­ter­na­tional Green­tech & Eco Prod­ucts Ex­hi­bi­tion and Con­fer­ence yes­ter­day.

He said green tech­nol­ogy such as so­lar power is the fastest grow­ing sec­tor and the min­istry is will­ing to help those in­volved get green sukuk fi­nanc­ing, that has a lower in­ter­est rate.

Max­imus said in 2010, the gov­ern­ment in­tro­duced the Green Tech­nol­ogy Fi­nanc­ing Scheme, that has been in­stru­men­tal in al­low­ing eas­ier ac­cess to fi­nanc­ing for green en­trepreneurs and chan­nelling over RM3.35 bil­lion in funds for more than 302 green projects.

He said once the projects are com­pleted, they will have the po­ten­tial to gen­er­ate RM6.46 bil­lion worth of green in­vest­ments, cre­ate over 5,000 jobs and pre­vent emis­sions amount­ing to 3.51 mil­lion tonnes of car­bon.

... The Yang diPer­tuan Agong Sul­tan Muham­mad V speaks ca­su­ally to Prime Min­is­ter Datuk Seri Na­jib Ab­dul Razak dur­ing the Con­fer­ence of Rulers at Is­tana Ne­gara in Kuala Lumpur yes­ter­day.

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