Hanoi (VNA) - Malaysia is on the right track to transition its energy towards renewable energy, especially in the power sector, according to Malaysian Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad.
The official was quoted by local media as citing data from the World Economic Forum’s (WEF) latest Energy Transition Index showing that Malaysia ranked a respectable 39th, with system performance and transition readiness at 69% and 60%, respectively.
The index measures a country’s readiness to transition into an equitable, sustainable, and affordable energy future, and this proves that Malaysia is on the right track to transition its energy, he said in his speech during the National Energy Awards (NEA) 2022 Appreciation Ceremony on March 9.
He said that as Malaysia is developing and growing its economy, the country’s energy consumption will likewise expand to meet the higher output and demands. This will be especially prevalent in industries that are energy intensive like manufacturing, industrial works, and processing plants, he said.
On the NEA 2022 programme, Nik Nazmi said NEA recognises the outstanding achievements and best practices of the public as well as private sectors in driving the country’s sustainable energy agenda. He said NEA is part of the Malaysian Government’s effort in promoting energy efficiency and renewable energy that has played a pivotal role in encouraging businesses and building owners to adopt sustainable energy practices.
The official said that the NEA has become a platform to educate, promote and encourage the adoption of best sustainable energy practices in offices, factories, buildings and financial institutions, in support of Malaysia’s 2050 climate aspiration.
The winners then represented Malaysia at the ASEAN Energy Awards (AEA), in which 12 companies received accolades in various categories, he added./.
The official was quoted by local media as citing data from the World Economic Forum’s (WEF) latest Energy Transition Index showing that Malaysia ranked a respectable 39th, with system performance and transition readiness at 69% and 60%, respectively.
The index measures a country’s readiness to transition into an equitable, sustainable, and affordable energy future, and this proves that Malaysia is on the right track to transition its energy, he said in his speech during the National Energy Awards (NEA) 2022 Appreciation Ceremony on March 9.
He said that as Malaysia is developing and growing its economy, the country’s energy consumption will likewise expand to meet the higher output and demands. This will be especially prevalent in industries that are energy intensive like manufacturing, industrial works, and processing plants, he said.
On the NEA 2022 programme, Nik Nazmi said NEA recognises the outstanding achievements and best practices of the public as well as private sectors in driving the country’s sustainable energy agenda. He said NEA is part of the Malaysian Government’s effort in promoting energy efficiency and renewable energy that has played a pivotal role in encouraging businesses and building owners to adopt sustainable energy practices.
The official said that the NEA has become a platform to educate, promote and encourage the adoption of best sustainable energy practices in offices, factories, buildings and financial institutions, in support of Malaysia’s 2050 climate aspiration.
The winners then represented Malaysia at the ASEAN Energy Awards (AEA), in which 12 companies received accolades in various categories, he added./.
VNA
