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

We must advance Malaysia’s venture ecosystem for sustainable growth, says Amir Hamzah
Advancing Malaysia’s venture capital ecosystem: Significant investments in capacity building, funding and regulatory reform
Sentoria Group triggers PN17 criteria
Ringgit rebounds to end higher against US$
Sapura Energy makes clarification on 'aspirational' timeline for regularisation plan
M'sian-born Tan Lip-Bu eyed to head Intel
Mulpha's Australian unit to acquire Marymount Mercy Centre in NSW for residential project
Nvidia signs deal to help build Thai ‘sovereign cloud’
DC Healthcare opens new Dr Chong Clinic in Penang
Bursa Malaysia ends higher amid strong interest in utility, tech stocks

Others Also Read