What new programmes will the Energy Ministry introduce for corporate ESG?

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New Programmes to Boost Corporate Renewable Energy Adoption for ESG Commitments

The Energy and Natural Resources Ministry (KeTSA) is planning to introduce new programmes aimed at increasing the adoption of renewable energy among corporations to help them meet their Environmental, Social, and Governance (ESG) commitments. This initiative aligns with Malaysia's broader objectives of combating climate change, ensuring energy demand is met, and reducing overall carbon emissions.
Rationale for New Programmes

The introduction of these programmes is driven by the increasing demand from the corporate sector for renewable energy solutions to fulfil their ESG obligations. This corporate push, coupled with the national agenda to transition away from fossil fuels, necessitates proactive government measures to facilitate this shift.
National Climate Change and Energy Transition Agenda

Malaysia is actively implementing mitigation actions as part of its strategy to combat climate change. These actions include enhancing energy efficiency, reducing reliance on coal for power generation, and significantly expanding the capacity of renewable energy sources within the national energy mix. This transition is crucial as the nation's current energy generation remains heavily dependent on fossil fuels, with renewable energy sources accounting for approximately five per cent of the power mix.
Government Commitment to Renewable Energy Expansion

The government has formally committed to increasing the proportion of electricity generated from renewable energy sources. This commitment is outlined and guided by the Electricity Supply Generation Development Plan, which spans from 2021 to 2039, indicating a long-term strategy for integrating cleaner energy into the national grid.

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What new programmes will the Energy Ministry introduce for corporate ESG?

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