ASEAN countries could unlock US$300 billion in additional annual revenues from green investments by 2030 if governments really step up cooperation on regional grids and carbon markets and offer better incentives for clean energy and clearer rules on green financing, says a report released recently. The rapidly growing region of nearly 700 million people remains heavily dependent on fossil fuels for energy.
Titled South-east Asia's Green Economy 2024 - Moving the Needle, the report outlines a range of opportunities for the region to cut greenhouse gas emissions and meet national climate targets, while also improving energy and food security. ASEAN is confronted with a reality gap between its net zero ambitions and true progress in its energy and green transition. (www.bain.com>insightssoutheast-asia)
The key theme of the report is that many of the green investments can be deployed now and rapidly scaled up to make a real difference in cutting planet-warming emissions that are also causing air polution across the region. The opportunities are actionable in the near term.
At home in Malaysia, the government is committed to advancing the green economy , developing new energy sources, driving nature and agriculture to lead the counry toward sustainable development. Malaysian Green Technology and Climate Change Corporation (MGTC) remains at the forefront of the nation's green transformation, striking a balance between economic growth and sustainability. (mgtc.gov.my)
According to MGTG Group CEO, Ir. Shamsul Bahar Mohd Nor, “Our cornerstone program is the Green Technology Financing Scheme, has mobilised RM6.264 billion in green investments, supported 458 projects, and created over 5,500 green jobs. At the local operational level, MGTC collaborated with authorities focusing on the goal of establshing 200 Low-Carbon zones and 1,000 Low-Carbon partners by 2030.”
I believed the ultimate goals is to make green living a part of everyday life for all Malaysians. Adopting a green lifestyle is a shared journey.
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