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

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.