Media Centre

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.

NETR is not just a document of interim measures to meet our Net Zero target, but a new way of thinking to fundamentally transform our economy, livelihoods, and our place in the world. Transform the economy by changing the economics of renewable energy, by making it profitable for businesses and households to participate. Transform livelihoods by offering an opportunity to households to generate income from doing good to the economy (rooftop solar, biomass, biofuels, green mobility). Transform our place in the world by using our existing advantages and seizing on the global wave to clean technology.

JOHOR needs to review its strategies to continue attracting quality as well as capital-intensive and high-tech investments into the state, say business leaders. Iskandar Malaysia Chamber of Commerce and Industry secretary-general Md Salikon Sarpin said the state had the right ecosystem to attract world-class investors. Though Johor was not listed as among the four states which outperformed the country’s gross domestic product (GDP) growth and surpassing the national average in 2022, he said it was not a setback. “It should drive Johor to work even harder to continue developing and positioning itself as the top investment destination in Malaysia,” he added. He was commenting on the report by the Statistics Department which listed Penang (13.1%), Selangor (11.9%), Pahang (10.8%) and Kuala Lumpur (9.2%) outperforming the country’s GDP. The department said the four states’ growth contributed significantly to the country’s overall progress, surpassing the national average in 2022. Malaysia’s GDP grew to 8.7% last year. The report also stated that the manufacturing sector was the key economic driver for Penang with its electrical, electronic and optical products, and increased global demand for semiconductors.