NEF 2018: Driv­ing a car­bon neu­tral Malaysia for­ward

The Borneo Post (Sabah) - - BUSINESS -

As part of this agenda, we are ex­pand­ing re­new­able sources of gen­er­a­tion while cap­i­tal­is­ing on new tech­nolo­gies that will en­able the power gen­er­a­tion sec­tor to dra­mat­i­cally re­duce CO2 emis­sions. Yeo Bee Yin, Min­is­ter of En­ergy, Sci­ence, Tech­nol­ogy, En­vi­ron­ment and Cli­mate Change

KUALA LUMPUR: The eighth Na­tional En­ergy Fo­rum (NEF), jointly or­gan­ised by the En­ergy Com­mis­sion (ST), Malaysian Gas As­so­ci­a­tion (MGA) and En­ergy Coun­cil of Malaysia, themed ‘Car­bon-Neu­tral Fu­ture, A Coun­try in Tran­si­tion’ was held yes­ter­day to pave the path for Malaysia’s sus­tain­able fu­ture.

Of­fi­ci­ated by the Min­is­ter of En­ergy, Sci­ence, Tech­nol­ogy, En­vi­ron­ment and Cli­mate Change, Yeo Bee Yin, rep­re­sen­ta­tives from across the en­ergy sec­tor con­vened to dis­cuss en­ergy se­cu­rity, re­new­able en­ergy (RE), en­ergy ef­fi­ciency (EE), and ef­forts against cli­mate change.

This year’s NEF served as a plat­form to en­gage pol­icy mak­ers, reg­u­la­tors, gov­ern­ment agen­cies, in­dus­try ex­perts, and en­vi­ron­men­tal non-gov­ern­men­tal or­gan­i­sa­tions (NGOs) to ad­dress is­sues and chal­lenges faced by the in­dus­try, in­clud­ing re­strate­gis­ing Malaysia’s en­ergy pol­icy, bal­anc­ing eco­nomic needs with en­ergy se­cu­rity and driv­ing greater en­ergy ef­fi­ciency prac­tises.

De­liv­er­ing the key­note ad­dress, Yeo said that the theme for this year’s NEF to en­able a car­bon-neu­tral fu­ture is truly com­mend­able as it is both timely and rel­e­vant, ring­ing in the new Malaysia’s po­lit­i­cal, eco­nomic, so­cial and en­vi­ron­men­tal trans­for­ma­tion.

“As part of this agenda, we are ex­pand­ing re­new­able sources of gen­er­a­tion while cap­i­tal­is­ing on new tech­nolo­gies that will en­able the power gen­er­a­tion sec­tor to dra­mat­i­cally re­duce CO2 emis­sions.

“We are also en­cour­ag­ing more sus­tain­able de­vel­op­ment projects while im­prov­ing pro­ject pro­cure­ment, in­creas­ing en­ergy ef­fi­ciency, fu­ture-proof­ing struc­tures, stream­lin­ing reg­u­la­tions and em­pow­er­ing con­sumers,” she added.

In­ter­na­tion­ally, one of the key fuel sources that has been recog­nised as the per­fect part­ner to RE is nat­u­ral gas. The In­ter­na­tional Gas Union (IGU) identifies that nat­u­ral gas en­ables clean en­er­gies as it sup­ports vari­able re­new­able gen­er­a­tion, en­ables broader use of bio­gas and fa­cil­i­tates power to gas. Given its ver­sa­til­ity, nat­u­ral gas cur­rently sup­plies 22 per cent of the en­ergy used world­wide, and makes up nearly 25 per cent of elec­tric­ity gen­er­a­tion.

As a co-or­gan­iser of NEF, MGA, led by its pres­i­dent, Ha­zli Sham Kas­sim, re­in­forced the im­por­tant role of nat­u­ral gas in achiev­ing Malaysia’s car­bon-neu­tral am­bi­tions.

“Given that nat­u­ral gas is the clean­est burn­ing fos­sil fuel, it is clearly the fuel of choice to over­come the nu­mer­ous fore­see­able chal­lenges in mit­i­gat­ing car­bon emis­sions and achiev­ing car­bon neu­tral­ity glob­ally. Ad­di­tion­ally, the com­bi­na­tion of abun­dance and ac­ces­si­bil­ity of nat­u­ral gas is hardly matched by other fos­sil fu­els,” he said.

“These fac­tors along­side an ef­fi­cient de­liv­ery in­fra­struc­ture in Malaysia ren­der nat­u­ral gas the per­fect part­ner to re­new­ables, en­hanc­ing power gen­er­a­tion re­li­a­bil­ity and en­sur­ing en­ergy se­cu­rity. With in­creas­ing pref­er­ence as fuel and feed­stock for the in­dus­trial and trans­porta­tion sec­tors, nat­u­ral gas is set to fuel a sus­tain­able fu­ture.”

Dur­ing one of the panel ses­sions, the macro eco­nomic im­pact of adopt­ing EE across var­i­ous in­dus­tries was also high­lighted.

In a study by the Eco­nomic Plan­ning Unit and the United Na­tions De­vel­op­ment Pro­gramme, it was em­pha­sised that if all en­ergy ef­fi­ciency pro­grammes iden­ti­fied in the study were fully im­ple­mented, it could re­sult in po­ten­tial sav­ing of up to RM46.9 bil­lion for the pe­riod be­tween 2016 and 2030. With sav­ings amount­ing to RM3 bil­lion per year, these funds could be re­dis­tributed into other de­vel­op­ment projects.

Echo­ing the call for greater ef­fi­ciency in ev­ery as­pect of en­ergy sup­ply and de­mand, ST chair­man Datuk Ah­mad Fauzi Hasan re­marked that Malaysia’s ap­proach to the de­vel­op­ment of the en­ergy sec­tor has been a prag­matic and pru­dent one which gives pri­or­ity to meet­ing de­mand and en­sur­ing se­cu­rity of sup­ply.

“And as Malaysia is com­mit­ting to the United Na­tions Frame­work Con­ven­tion on Cli­mate Change’s (UNFCCC) 21st Con­fer­ence of Par­ties (COP21) to re­duce emis­sion in­ten­sity by 35 per cent in 2030, and a fur­ther 10 per cent re­duc­tion with in­ter­na­tional sup­port, it is only nat­u­ral to in­volve en­ergy sec­tor in the process,” he added.

Yeo de­liv­er­ing her key­note ad­dress at NEF 2018.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.