Malaysia to become ASEAN’s RE hub (The Malaysian Reserve)
Link to the article
Malaysia needs to leverage its strategic position as the ASEAN Chairman in promoting investments in the grid and green energy infrastructure to become the regional renewable energy (RE) hub.
Gading Kencana Sdn Bhd MD Datuk Guntor Tobeng said with political stability and supported by clear energy-related policies and legislation, this country has an advantage in realising the vision.
He said, compared to other ASEAN countries, Malaysia has the advantage in attracting foreign RE investors in the quest to be a major player in the region.
“The only thing is, Malaysia needs to offer fiscal incentives such as tax exemptions to companies that develop projects that use green or low-carbon technology to be more competitive and better than other ASEAN partners,” he said in a statement.
“Malaysia should aim to become a RE hub in the region by 2050 with reduced carbon emissions and dependence on fossil fuels.