Spotlight on energy transition

Yeo (centre) with other VIPs, speakers and participants at the International Forum on Global Energy Landscape.

UNIVERSITI Tenaga Nasional’s (Uniten) Institute of Energy Policy and Research (IEPRe) hosted the third International Forum on Global Energy Landscape (IFGE2019) in Putrajaya.

Uniten vice-chancellor Prof Datuk Dr Kamal Nasharuddin Mustapha, in his speech, emphasised the importance of addressing various emerging issues in the energy sector caused by economic, regulatory and technical changes even as ensuring sustainable development remains a priority.

He added that one of Uniten’s commitments was the development of capacity-building of new energy talent through Masters of Energy Management and Bachelor of Energy Economics (Hons).

The university’s Chair in Energy Economics, Prof Dr Ken Koyama highlighted in his keynote address the issues, opportunities and challenges in global energy transition.

He said the energy sector in the 21st century needed to address environmental and energy security problems, technology development as well as deployment in renewable energy and the possibility of developing new unconventional energy sources.

He elaborated on the emerging concerns in energy supply constraints because of geopolitical risks, especially in the Middle East, the instability of energy transportation and lack of timely investment in resource development.

Besides that, he said, there were environmental challenges for sustainability that caused local and regional environmental problems based on the way conventional energy was produced and supplied.

He also noted that demand for energy was growing rapidly in Asia, with the continent becoming the gravity centre of the world through domination of the world’s population and total primary energy supply.

Prof Koyama articulated that securing a sustainable energy supply that was environmentally-friendly and affordable would become a major challenge for Asia.

The international forum was launched by Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

In her speech, Yeo expressed the importance of energy as the key enabler for the rapidly growing Malaysian economy.

She said moving forward, the power sector must grow to be more competent, innovative and excellent.

As energy market reform was underway, she said competent talents were needed to push the technological boundary through innovation and Uniten was on the right track towards achieving this objective.

Yeo added that Malaysia aspired to produce energy leaders of tomorrow who were committed to shaping the country’s energy future and to bring about resoundingly positive multiplier effects on the power industry and nation at large.

She also announced government initiatives to support growth of green technology with Green Technology Financing Scheme and Green Investment Tax Allowance or Green Income Tax Exemption, of which details can be found on the Mida website.
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