Increasing importance of ESG, energy transition

Nik Nazmi said that according to the Malaysia transition energy outlook report prepared by the International Renewable Energy Agency, the country would require an investment of RM637bil up to 2050 to increase the renewable energy capacity. — Bernama

KUALA LUMPUR: Environmental, social and governance (ESG) issues are increasing in importance for business, trade and investment, and countries that can successfully make the energy transition and master ESG and green technology will get ahead while those that do not will be left behind.

Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said according to the Malaysia transition energy outlook report prepared by the International Renewable Energy Agency, the country would require an investment of RM637bil up to 2050 to increase the renewable energy (RE) capacity.