RM300bil-RM400bil in investments needed for Malaysia to achieve net-zero greenhouse gas emissions by 2050


Dateline 2022-09-14, NST:

Malaysia’s commitment to becoming a nation with net-zero greenhouse gas emissions by 2050 would require RM350 billion to RM400 billion in cumulative investments, mainly in the energy sector, representing 0.8 per cent of the gross domestic product (GDP) every year until 2050.

Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said this shift includes continued investment in public transportation, tax incentives to promote electric vehicles, and the commitment to phase out coal.

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This entry was posted on Wednesday, November 30th, 2022 at 6:59 am and is filed under oil and gas, Renewable Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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