Higher funding likely needed for energy transition plan

Prime Minister Datuk Anwar Ibrahim visiting an exhibition at the launch of the second phase of the NETR. — SHAARI CHEMAT/THESTAR

PETALING JAYA: While the National Energy Transition Roadmap (NETR) is seen as a positive step for Malaysia’s low-carbon future, OCBC Treasury Research suggests greater investments and government mandates are needed to support the necessary capabilities and infrastructure for energy transition projects.

OCBC environmental, social and governance analyst Ong Shu Yi highlighted this approach aims to expedite sectoral growth by leveraging the energy transition levers outlined in the NETR, which encompass energy efficiency, renewable energy, hydrogen, bioenergy, green mobility, and carbon capture, utilisation, and storage (CCUS).