[ENERGY, PROJECTS & INFRASTRUCTURE] National Energy Transition Roadmap (NETR) Phase 1

The Ministry of Economy has recently launched the National Energy Transition Roadmap ("NETR") Part 1 as a step towards reaching Malaysia's net-zero emission target by transitioning the country into a more sustainable energy landscape. The NETR is being led by a steering and technical committee comprising of representatives from various ministries, agencies and private sector companies.

The first phase of the NETR has identified 10 flagship catalyst projects and initiatives based on 6 energy transition levers: (1) energy efficiency; (2) renewable energy; (3) hydrogen; (4) bioenergy; (5) green mobility; and (6) carbon capture, utilization, and storage. It is anticipated that these projects and initiatives will generate 23,000 high-impact jobs, RM25 billion in investments and reduce 10,000 gigagrams of CO2 annually.