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Awareness of ESG gaining momentum in Malaysia, says Surbana-owned consultancy SMEC

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Tan Ai Leng

Published Thu, Jun 2, 2022 · 05:50 AM — Updated Fri, Feb 23, 2024 · 02:18 PM
    • Punitha Rajan Doraisamy, regional manager of SMEC, says: “Energy transition is playing a bigger role in every company’s sustainability and growth strategy.”
    • The artist’s impression of the Nenggiri hydropower plant in Kelantan, which is expected to commence operation in 2027.
    • Punitha Rajan Doraisamy, regional manager of SMEC, says: “Energy transition is playing a bigger role in every company’s sustainability and growth strategy.” PHOTO: SMEC
    • The artist’s impression of the Nenggiri hydropower plant in Kelantan, which is expected to commence operation in 2027. SMEC

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MALAYSIA, which has long relied on coal and natural gas to generate electricity, is working towards reducing the carbon intensity from its power sector to meet its targets under the Paris Agreement.

    Paving its way towards achieving carbon neutrality by 2050, the Malaysian government is determined to increase the country’s renewable energy capacity from 18 per cent today to 40 per cent by 2035. By doing so, the carbon intensity from the power sector is set to fall by 45 per cent in 2030 and a further 60 per cent in 2035.

    Malaysia’s renewable energy sources includes hydropower, solar, biomass, biogas and geothermal, with hydropower currently dominating the renewable energy mix with a contribution of around 86 per cent.

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    Renewable energySurbana Jurong

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