10 wide-ranging catalytic initiatives will open up investment opportunities by 2050

KUALA LUMPUR: The National Energy Transition Roadmap (NETR) today announced 10 wide-ranging catalytic initiatives that will open up investment opportunities between RM435 billion to RM1.85 trillion by 2050. "The launch of the NETR marks that important change in our thinking. "It is not only a document that contains interim measures to meet our Net-Zero target. But it is a combination of strategies and initiatives that could transform our economy, livelihoods, and our place in the world," Economy Minister Rafizi Ramli said at the official launch of NETR here today. After months of engagement,Rafizi said the government will unveil Phase 1 of the NETR that contains 10 flagship catalyst initiatives that will define policy thinking and economic direction in years to come. He said one of these projects is the integrated renewable energy (RE) Zone that will be championed by Khazanah Nasional Bhd and carried out through a joint venture between UEM and ITRAMAS.

The government today unveiled Phase 1 of its National Energy Transition Roadmap (NETR) with an emphasis on giving economic incentives to encourage renewable energy growth. One key announcement today is a plan to have more solar panels on residential rooftops.