Malaysia Finalizing its Energy Efficiency Plan

THE Malaysian Energy, Green Technology and Water Ministry is completing its energy efficiency strategy with the aim to launch it in the middle of the year.

The Ministry’s secretary-general Datuk Loo Took Gee said at a press conference: “We’re reviewing the numbers to ensure the target rates are realistic to further streamline the green movement.”

She added that the Government had stated that explaining the need for energy subsidies is vital to improve efficient energy use and avoid wastage.

“Fuel subsidies are heavily dependent on the oil price. At its peak in 2008, it escalated to RM14.31 per million metric British thermal unit (mmBTU), while subsidies amounted to RM24.95bil.

“Currently, the oil price is at a lower level of RM13.70 per mmBTU, while government subsidies amount to between RM15bil and RM17bil,” she added.

The secretary-general explained that Malaysia was making progress in producing a greater number of certified green buildings and hence developing a green environment, with 50 million square feet of green buildings certified, through 125 projects.

The realization is that green buildings deliver lower costs from reduced energy consumption, leading to higher values for sales and rental.
The green movement across Asia is just starting, with the focus on sustainability and corporate social responsibility leading the accelerating growth.

Picture of Kuala Lumpur by Azreey (Own work) [GFDL or CC-BY-SA-3.0-2.5-2.0-1.0], via Wikimedia Commons

Thursday 28th March 2013

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