Knowledge

Malaysian Green Transition

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The Malaysian government plans to continue strengthening its green policies and initiatives, focusing on a just transition that ensures equitable opportunities and benefits for all citizens. Future directions include greater emphasis on nature-based solutions, blue economy, and digitalization in the
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region, aligning with global sustainability efforts and the Asean Power Grid Initiative aimed at integrating regional power systems. Enegem initiated with a 100-megawatt pilot auction to supply green electricity from Peninsular Malaysia to Singapore, targeting licensed Renewable Energy (RE) Bidders
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The Green Technology Master Plan was one of the first significant policy frameworks laid out by the government to guide the green transition. This blueprint highlights six sectors: energy, manufacturing, building, transport, waste, and water. The plan set specific goals, including achieving 40%
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Energy efficiency measures have been implemented across various sectors, with considerable progress in the building and industrial sectors. Mandatory energy audits, green building index certifications, and efficient energy management systems have reduced the energy intensity of these sectors.
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The National Biodiversity Policy seeks to protect and manage Malaysia's rich biodiversity while harnessing its potential for sustainable economic development. The policy aims to integrate biodiversity considerations into all relevant sectors and decision-making processes.
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Following global trends and increasing environmental concerns, Malaysia recognized the pressing need for a transition to a green, sustainable economy. The Malaysian government announced a comprehensive plan that centered on sustainable development, green technology,
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Malaysia has implemented several waste-to-energy projects, transforming municipal waste into energy. An increase in recycling rates and the introduction of policies targeting single-use plastics have contributed to a shift towards a circular economy.
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The country made significant strides in expanding its renewable energy portfolio, particularly in solar and hydroelectric power. By 2023, the share of renewable energy in the national grid rose to 22%, a significant increase from the previous decade.
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The government introduced the Sustainable and Circular Economy Roadmap to transition the country towards a circular economy. The approach promotes the efficient use of resources, waste minimization, and the regeneration of natural systems.
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While the Malaysia Green Transition has seen significant achievements, it faces several challenges, including economic restructuring, financing green technologies, and public awareness and participation.
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In 2024, the Malaysian government launched the Energy Exchange Malaysia (Enegem), a platform designed to facilitate the cross-border trade of green electricity within the
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in the Singapore Electricity Market. This initiative enhances regional energy cooperation and promotes the development of renewable energy sources across Southeast Asia.
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Wong, Fadhli Wong Mohd Hasan; Foley, Aoife; Del Rio, Dylan Furszyfer; Rooney, David; Shariff, Shahidah; Dolfi, Andrea; Srinivasan, Geetha (December 2022).
521: 461:"The Current State of Malaysia's Journey towards a Green Economy: The Perceptions of the Companies on Environmental Efficiency and Sustainability" 551: 501: 245: 61:. This shift, known as the Malaysia Green Transition, aims to decarbonize various sectors, promote renewable energy sources, and establish a 506: 511: 526: 151: 286:"ENVIRONMENTAL SUSTAINABILITY IN THE FOURTH INDUSTRIAL REVOLUTION: THE NEXUS BETWEEN GREEN PRODUCT AND GREEN PROCESS INNOVATION" 516: 87:
renewable energy in the electricity mix by 2035 and enhancing energy efficiency in the manufacturing and building sectors.
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Saudi, Mohd Haizam Mohd; Sinaga, Obsatar; Roespinoedji, Djoko; Razimi, Mohd Shahril Ahmad (2019-09-01).
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Since the onset of the Malaysia Green Transition, notable progress has been made in several sectors.
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Abdullah, Hussin; Abu Bakar, Nor' Aznin; Mohd Jali, Mohd Razani; Ibrahim, Fatimah Wati (2017).
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began in earnest in the early 2020s, with ambitious targets set to drastically reduce
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Facilitating the green transition for ASEAN SMEs. A toolkit for policymakers
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https://www.bcg.com/about/people/experts/dave-sivaprasad
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https://www.bcg.com/about/people/experts/ching-fong-ong
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https://www.bcg.com/about/people/experts/ming-teck-kong
346:"Securing Our Future: Net Zero Pathways for Malaysia" 330:
https://www.bcg.com/about/people/experts/vincent-chin
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International Journal of Energy Economics and Policy
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International Journal of Energy Economics and Policy
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Sustainable and Circular Economy Roadmap (2023-2040)
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https://www.bcg.com/about/people/experts/hitesh-tak
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Index

sustainable development
Malaysian government
climate change
greener economy
greenhouse gas emissions
renewable energy
biodiversity preservation
climate change mitigation
circular economy
ASEAN
green economy
Environmental issues in Malaysia
Renewable energy in Malaysia
Economy of Malaysia
Circular economy
"The transition to green energy – Malaysian Green Technology And Climate Change Corporation"
"Malaysia sets up Energy Exchange Malaysia for cross-border sales of green electricity"
"Six ways that governments can drive the green transition"
"ENVIRONMENTAL SUSTAINABILITY IN THE FOURTH INDUSTRIAL REVOLUTION: THE NEXUS BETWEEN GREEN PRODUCT AND GREEN PROCESS INNOVATION"
doi
10.32479/ijeep.8281
ISSN
2146-4553
https://www.bcg.com/about/people/experts/dave-sivaprasad
https://www.bcg.com/about/people/experts/vincent-chin
https://www.bcg.com/about/people/experts/hitesh-tak
https://www.bcg.com/about/people/experts/ming-teck-kong
https://www.bcg.com/about/people/experts/ching-fong-ong
"Securing Our Future: Net Zero Pathways for Malaysia"
cite web

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