Tuesday, 09 May 2023 13:15

Malaysia to lift export ban on renewable energy in accelerated transition plans

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Malaysia is lifting a ban on renewable energy exports to develop its clean energy industry and boost power generation from non-fossil fuel sources. Economic Affairs Minister Rafiz Ramli said the ban would help companies build renewable energy generation capacity on a larger scale and take advantage of high demand in neighboring Singapore. Malaysia has pledged to significantly reduce greenhouse gas emissions by 2030 and achieve net zero emissions by 2050. Increasing renewable energy capacity will require an estimated RM637 billion investment by 2050.

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