The transition to green energy. [Website]
Abstract
Malaysia has made an ambitious pledge to achieve “net-zero” carbon emissions by 2050 – 27 years from now.
To achieve net-zero, a country has to absorb as much carbon as it produces. Thus, the approach would be to ramp up on efforts to switch from carbon emitting energy sources, such as coal and natural gas, to renewable green energy whilst also promoting the sequestration of carbon.
However, despite 77pc of Malaysia’s greenhouse gas emissions being absorbed by “carbon-sinks” such as forests and the seas as well oceans, Malaysia was still a net emitter of 57.8 million metric tons of carbon in 2021 or 23pc of 251.6 million metric tons (“Cover Story: Charting a net-zero pathway for Malaysia”, The Edge Malaysia, May 19, 2022).
Theoretically, should Malaysia successfully transition its power sources to renewable green energy, on its own this would result in a cut of 72pc of all carbon emissions (“Global Emissions”, Centre for Climate and Energy Solutions, 2020).
Hence, the transition from “brown energy” (polluting sources) to “green energy” (renewable sources) needs to be doubled down.
Existing Green Incentives To date, the government has implemented the Net Energy Metering Scheme (NEM) and feed-in tariff (FiT) which are mechanisms that allow customers to either lower their electricity bill by exporting excess energy to TNB at prevailing displaced (i.e., average cost of generating and supplying one kilowatt hour of electricity from resources other than renewable resources) costs or to “sell” all generated energy to TNB’s grid.
| Item Type: | Website |
|---|---|
| Keywords: | Green Technology, Renewable green energy, Zero carbon emissions, Green incentives, Green skills |
| Taxonomy: | By Niche > Green Technology > Industrial Applications |
| Local Content Hub: | Niche > Green Technology |
| Depositing User: | Nur Aqilah Russli |
| Date Deposited: | 06 Apr 2023 09:03 |
| Last Modified: | 06 Apr 2023 09:03 |
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