Malaysia needs RM33bil investment to hit renewable energy target


translation: 1MDB scandal, among its other shortcomings, is promoting global warming.

Dateline 2019-09-13, NST:

Malaysia needs investments totalling RM33 billion in order to achieve its target of 20 per cent electricity generation from renewable energy (RE) sources by 2025, said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

She said the investments would be contributed by the government, public-private partnerships and private financing.

“The Securities Commission has already done a six-month study on green financing; it had formed the financing taskforce (for this purpose). It gave a report on 21 action items to facilitate the RM33 billion investment in RE and the government will look at all the action items and implement them accordingly,” she told reporters after officiating the inaugural 5-In-1 Power and Energy Asia Series exhibition here today.

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