Developers advised to embrace RE


Deputy Prime Minister Datuk Seri Fadillah Yusof

KUALA LUMPUR: The government has called on stakeholders, particularly housing developers, to adopt alternative energy sources such as solar power and prioritise biodiversity, Deputy Prime Minister Datuk Seri Fadillah Yusof says.

Fadillah, who is also the Energy Transition and Water Transformation Minister, emphasised the need to increase the use of renewable energy (RE), noting that its adoption remains low despite efforts in recent years.

“According to the National Energy Transition Roadmap, the use of RE, including hydro and bioenergy, stood at just 4% as of 2023. This is significantly below the 23% target set for 2050,” he said.

Fadillah was speaking at the Real Estate and Housing Developers’ Association 2024 dinner recently.

He urged developers to enhance sustainability efforts through practices such as adopting Industrial Building Systems and using sustainable building materials.

Fadillah also addressed the issue of abandoned housing projects, underscoring the need to protect buyers’ rights. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
energy , solar , biodiversity

Next In Business News

Bursa Malaysia seeks public feedback on proposed rule amendments for digital currency ETFs
EcoWorld, JLand to jointly develop RM2.5bil projects in Johor and Sydney
IJM board concurs, urges shareholders to reject Sunway offer
EWI Capital disposes Sydney Macquarie Park land for RM89.7mil
SunREIT to establish RM3bil sustainability-linked CP programme
Inta Bina wins RM49mil construction contract from Eco Business Park
Ringgit rises against other currencies, eases vs US dollar at close
Exsim Hospitality unit secures RM73.7mil subcontract from Binastra
Oil price increase also poses challenges to oil-producing countries, says Tengku Zafrul
Chin Hin to acquire industrial property in Kota Damansara for RM66mil

Others Also Read