Green tech plan to boost govt revenue
> Projects will help achieve RM180 billion in earnings, says minister
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.