Green agenda bodes well for Malaysia’s energy industry

Asia School of Business assistant professor of business and society Dr Renato Lima de Oliveira (pic) said the 12MP was the first “green” Malaysia plan, in part because of the one-year gap between when it was originally scheduled to be tabled back in August 2020.

KUALA LUMPUR: The green agenda outlined in the 12th Malaysia Plan (12MP) bodes well for Malaysia’s energy industry as it moves in line with global transition towards clean and sustainable practices.

AmBank Research, in a report, said policies will be streamlined for the transition and these would include prioritising domestically-produced petrol and diesel, scaling up biofuel usage, developing a natural gas roadmap, promoting high-value investments in petrochemical industry, and encouraging collaboration and strategic partnerships among small and medium oil and gas operators to undertake complex projects.