The government will stop building coal power plants starting in 2040 due to the global energy crisis.
Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed said Malaysia would instead shift its focus toward clean and renewable energy.
“The global energy crisis that is happening right now is expected to hasten the shift to cleaner energy.
“In this matter, the government has committed to not building new coal power plants starting 2040.
“On the contrary, Malaysia will increase its capacity for renewable energy to fulfil the targets we have set,” Mustapa said in a written parliamentary reply dated Aug 2, 2022.
He was responding to a question from Wong Hong Wai (Pakatan Harapan-Bukit Bendera), who had asked about the latest developments regarding the National Energy Policy and what the government plans to do about energy security with reasonable pricing for industrial and community use.
Mustapa said some of the renewable energy sources identified for development include hydro, solar, biogas and biomass.
He added that battery energy storage technology would also be introduced to ensure a guaranteed and quality supply of electricity.
He said other steps the government intends to take include broadening the use of hydrogen and developing technology related to carbon capture and storage.
Mustapa also said the Economic Planning Unit (EPU) is finalising the National Energy Policy, and it is expected to be launched this year.
The National Energy Policy has been drafted in accordance with the country’s commitment to Sustainable Development Goal 7 (SDG7), one of the 17 SDGs established by the United Nations, which aims to “ensure access to affordable, reliable, sustainable and modern energy for all”, he said.
This is important, he said, because Malaysia as a developing country needs to ensure its fiscal resilience and economic position are in line with its social equality in facing the challenges of the “energy trilemma” of guaranteed supply, affordability and environmental sustainability. - Mkini
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