Funds amounting to RM2 billion are allocated for the Energy Transition Roadmap (NETR). Through NETR six main drivers have been identified which are renewable energy, hydrogen, green mobility and carbon capture, use and storage.
In addition, Financial Institutions also provide a financing fund with a value of RM200 billion to encourage the industry to shift towards a low carbon economy. This is to meet the national target of reaching 70% renewable energy capacity by 2050.
All NETR initiatives as well as the zero carbon plan involving subsidies for electric vehicle chargers and the purchase of motorcycles announced today are expected to reduce the impact on the environment in Malaysia which is also affected by global climate change.
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CYBER LIFE