Move to reduce carbon

Using economic means to meet target by 2050

“This requires green commitment and investment.” datuk seri Ismail sabri yaakob

LUMPUR: Economic instruments such as carbon pricing and a carbon tax will be introduced as Malaysia remains committed to its target of becoming a carbon-neutral nation by 2050.

Prime Minister Datuk Seri Ismail Sabri Yaakob said details of other measures for carbon reduction would be announced once the low-carbon long-term development strategy study is finalised by the end of 2022.

“The government has given a commitment to no longer build new coal-fired power plants.

“I realise this requires a concerted effort as well as a high level of green commitment and investment.

“However, I am confident that with the involvement of the Malaysian Family spirit, this aspiration is not an empty dream and will ensure that Malaysia is on par with the efforts of other countries to achieve global goals in tackling climate change and enhancing the country’s competitiveness,” he said when tabling the 12th Malaysia Plan at the Dewan Rakyat here yesterday.

Currently, Malaysia contributes less than 0.7% of total global greenhouse gas emission.

The Prime Minister said that a comprehensive National Energy Policy will be introduced to outline the strategic long-term direction in supporting the country’s carbon-neutral aspiration.

He added that cleaner electricity generation will be implemented through the operation of several gas power plants in Peninsular Malaysia to replace coal-fired power plants.

Laws related to energy efficiency and conservation will also be introduced to regulate energy consumption by high-intensity consumers in the industrial and commercial sectors.

By 2025, renewable energy generation from solar, biomass and biogas will be increased to 31% of total installed capacity, Ismail Sabri added.

The 12th Malaysia Plan (12MP) also targets clean water access and safe sanitation systems in 98% of rural areas by 2025.

Some of the targets to be achieved by 2025 include having a total of 10 maximum daily load studies conducted for critical rivers; non-revenue water level at 25%; and the establishment of an integrated centre for water data and research and development, as well as commercialisation and innovation.

“Strategies such as empowering the people, strengthening governance at all levels, enhancing capability in data-driven decision-making, and ensuring sustainable financing, will all be used to improve the water industry under 12MP,” it said.