KUALA LUMPUR: A report by the Institute for Democracy and Economic Affairs has called for a shift in Malaysia’s national energy priorities, with an emphasis on boosting the country’s use of renewable energy.
The two are advocating a shift away from the reliance on coal power, which has been increasing in recent years, to a mix of natural gas and renewable energy sources in the short term. “Replacing coal with gas is a low hanging fruit,” he said, adding that Malaysia needed to pivot its strengths in oil and gas into renewables and reform the energy framework to further promote the use of renewables.
These include incentivising oil and gas players to invest in renewables, reducing the government’s fiscal reliance on fossil fuels and supporting the development of the renewable energy sector.
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