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  • Bursa Malaysia Spearheads Carbon Market Awareness through the VCM Handbook

    During the Bursa Malaysia Carbon Market Forum 2023, industry leaders and experts gathered to discuss the potential impact and opportunities presented by the launch of Malaysia’s Voluntary Carbon Market (VCM) Handbook. The event was part of the larger framework of IGEM 2023, emphasizing the growing importance of sustainable practices in Malaysia’s economic landscape.

    The VCM Handbook is a collaborative effort between Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) and the Malaysian Green Technology and Climate Change Corporation (“MGTC”), which was initiated through a memorandum of collaboration (“MOC”) signed on 20 February 2023. The VCM Handbook was developed in consultation with NRECC and various ecosystem participants.

    As Malaysia shifts towards becoming a lower carbon economy, the VCM Handbook is a relevant guide designed to assist entities keen on participating in carbon market project development and Malaysia’s voluntary carbon market. The handbook defines the roles and functions of key entities in Malaysia’s carbon market operations, serving as a reference point for market players.

    “We are delighted to complete the VCM Handbook within just six months of the MOC signing, and this demonstrates effective collaboration in fulfilling a need to nurture the development of carbon projects in Malaysia,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia.

    “With the increasing prominence on carbon offsets and carbon markets globally, it is imperative that Malaysia acts on the nation’s untapped potential, by developing its VCM ecosystem and implementing high-quality carbon projects. This VCM Handbook is a critical step in ensuring Malaysia’s VCM can truly support the country’s net zero journey,” added Datuk Umar.

    “The VCM Handbook will be a valuable resource to facilitate carbon offset project implementation in Malaysia, where the carbon credit generated will be used by other corporations to meet their net zero targets. The VCM Handbook provides essential information on how it works, key concepts, standard methodologies, and case studies,” shared Ts. Shamsul Bahar Mohd Nor, Group Chief Executive Officer of MGTC.

    He added, “MGTC is honoured to collaborate with bursa Malaysia in developing it. We thank the numerous stakeholders, including federal ministries, state governments, relevant government agencies, carbon consultants, project developers, as well as validation and verification bodies, for their invaluable contributions. In addition to the VCM Handbook, we are pleased to announce the launch of a VCM Directory, another necessary tool to scale up the emerging Malaysia’s carbon credit supply.”

    Datuk Umar also shared plans to promote both the VCM Handbook and VCM Directory at the Malaysia Pavilion during the 2023 UN Climate Change Conference (UNFCCC COP 28) in Dubai later this year. “Our goal is to attract international project developers and investors to participate in the development of high-quality carbon projects in Malaysia, and facilitate the transfer of knowledge, skills and capital needed to rapidly scale up carbon initiatives in the country. This effort is pivotal in supporting domestic corporates in their net zero and carbon neutrality goals, and for fulfilment of the role of the Bursa Carbon Exchange,” he explained.

    The inaugural Malaysia Carbon Market Forum is a half-day event organised by the Bursa Carbon Exchange. With knowledge sharing as the central focus, the forum offered participants the opportunity to learn from both local and leading global experts on global VCM trends and how to leverage and navigate carbon markets and carbon project development. Speakers at the forum included representatives from International Emissions Trading Association (IETA), Verra, Indonesia Carbon Trade Association (IDCTA), Vitol, Sylvera, Permian Global, Shell’s Nature Based Solutions business, EKI Energy Services Ltd., Viridios Capital Pty Ltd and BloombergNEF.

    A copy of the VCM Handbook can now be downloaded from https://bcx.bursamalaysia.com/index.php?rp=vcm_handbook. Companies operating in the carbon market industry can now register their services in the newly established VCM Directory, accessible via https://www.mgtc.gov.my/vcm/.

  • Net Profit Margin Definition, Formula and Example Calculation

    how to calculate profit margin ratio

    It is also used to indicate the profitability potential of larger sectors and of overall national or regional markets. It is common to see headlines like “ABC Research warns on declining profit margins of American auto sector,” or “European corporate profit margins are breaking out.” There are other key profitability ratios that analysts and investors often use to determine the financial health of a company. For example, return on assets (ROA) analyzes how well a company deploys its assets to generate a profit after factoring in expenses.

    How do I calculate markup from margin?

    1. On the other hand, if you want to measure not exactly net profitability or the return to equity but measure operational profitability, you can use the return in capital employed calculator.
    2. But cutting low performers will lower your costs and increase your sales, which will raise your profit margin as well.
    3. Profit margin is one of the simplest and most widely used financial ratios in corporate finance.

    The distinction only becomes an issue when a company is being valued by a banker or a professional valuator for sale or acquisition. Once you know your gross profit you need to subtract your operating expenses from it to get your operating income number. This is how much you pay for rent, utilities, payroll and everything except income taxes and interest. You’ll also exclude draws or distributions to the owners or shareholders of the company from your operating expenses calculation. Gross profit margin is often used to determine which products or services are most profitable, but you can also use it to review a business’s overall profitability before accounting for operating costs. XYZ Company is in the online retail business and sells custom printed t-shirts.

    Understanding Net Profit Margin

    It is the ratio of net profits to revenues for a company or business segment. Business owners, company management, and external consultants use it internally for addressing operational issues and to study seasonal patterns and corporate performance during different time frames. A zero or negative profit margin translates to a business that’s either struggling to manage its expenses or failing to achieve good sales. Drilling it down further helps to identify the leaking areas—like high unsold inventory, excess or underutilized employees and resources, or high rentals—and then to devise appropriate action plans. While this is common practice, the net profit margin ratio can greatly differ between companies in different industries.

    How to calculate gross profit margin

    The healthy gross and operating profit margins in the above example enabled Starbucks to maintain decent profits while still meeting all of its other financial obligations. This margin calculator will be your best friend if you want to find out an item’s revenue, assuming you know its cost and your desired profit margin percentage. In general, your profit margin determines how healthy your company https://www.bookkeeping-reviews.com/ is — with low margins, you’re dancing on thin ice, and any change for the worse may result in big trouble. Keep reading to find out how to find your profit margin and what is the gross margin formula. Profit margin is the percentage of revenue (income from sales) your business keeps as profit. It is one of the most common metrics used in accounting to determine your business’s health.

    Pocket as little as possible, or your business will suffer in the long term! As you can see, the margin is a simple percentage calculation, but, as opposed to markup, it’s based on revenue, not on cost of goods sold (COGS). Trisha’s Tackle Shop is an outdoor https://www.bookkeeping-reviews.com/5-accounting-software-under-40-best-for-startup/ fishing store that selling lures and other fishing gear to the public. Last year Trisha had the best year in sales she has ever had since she opened the business 10 years ago. Last year Trisha’s net sales were $1,000,000 and her net income was $100,000.

    In accounting and finance, a profit margin is a measure of a company’s earnings (or profits) relative to its revenue. This guide will cover formulas and examples, and even provide an Excel template you can use to calculate the numbers on your own. The net profit margin calculator allows you to work out a simple and intuitive measure of a company’s profitability in relation to its total revenues. It’s a straightforward way to determine how large the profit generated by a single dollar of sales is. In other words, the profit margin ratio shows what percentage of sales are left over after all expenses are paid by the business. Excluded from this figure are, among other things, any expenses for debt, taxes, operating, or overhead costs, and one-time expenditures such as equipment purchases.

    how to calculate profit margin ratio

    The net profit margin is one of the basic profitability ratios you can find in financial analytics. It’s often used to complement well-known efficiency measures that rely on the asset or equity values. Unlike these indexes, the net profit margin compares net income to total revenue. This indicator keep records in a job order cost system is based on the idea that each sale a company makes translates into revenue. The net profit margin formula may approximate the efficiency of this process. The gross profit margin can be used by management on a per-unit or per-product basis to identify successful vs. unsuccessful product lines.

    Is there software you can use to collect and organize customer information? Can you use tracking software to manage shipping data and customer notifications? Automating some steps in the process or finding other ways to increase efficiency can save both time and money, allowing you to make more sales in the same amount of time and increase your profit margin per sale. Sometimes this is unavoidable; you will need to pay for supplies, website hosting, employee salaries, and many other expenses. But by tracking your expenses, you’ll be able to identify unnecessary expenses that can be trimmed to increase your profit margin. New York University analyzed a variety of industries with net profit margins ranging anywhere from about -29% to as high as 33%.

    Whatever your regular supplies are, don’t just buy them when you need them. Pay attention to the price, and buy in bulk when prices are low or supplies are on sale. Generally, a 5% net margin is poor, 10% is okay, while 20% is considered a good margin. There is no set good margin for a new business, so check your respective industry for an idea of representative margins, but be prepared for your margin to be lower. While a common sense approach to economics would be to maximize revenue, it should not be spent idly — reinvest most of this money to promote growth.

    In other words, outside users want to know that the company is running efficiently. An extremely low profit margin formula would indicate the expenses are too high and the management needs to budget and cut expenses. This example illustrates the importance of having strong gross and operating profit margins. Weakness at these levels indicates that money is being lost on basic operations, leaving little revenue for debt repayments and taxes.

  • Green Energy Revolution: MGTC Joins Hands with Biotech Dinamik and State Power Investment Corporation for Pioneering Ventures

    In a significant collaboration, Malaysian Green Technology and Climate Change Corporation (MGTC) have partnered with Biotek Dinamik Sdn. Bhd., a prominent renewable energy company dedicated to climate change mitigation and global economic decarbonization. This partnership extends to a joint effort with the State Power Investment Corporation (SPIC) of China, focusing on the development of green energy projects in Malaysia. Particularly, the collaboration is set to advance assets related to “Green Electrons” such as Green Power (Electrons) and assets related to “Green Molecules” like Green Hydrogen & Bioenergy (Molecules), emphasizing electronic and molecular aspects of green energy development, respectively.

    Datuk Eddy Yap, Chairman and CEO of Biotek Dinamik Sdn. Bhd. said, “In the final quarter of this year, the company plans to launch a 5 Gigawatts (5GW) green energy project, which is to be developed over the next 5 to 8 years, called the Asian Green Energy Belt (AGEB). The AGEB entails developing green energy generation projects from green or renewable energy sources such as solar, wind, biomass, biogas, geothermal and hydro-electric across Asia”.

    Meanwhile, Ts. Shamsul Bahar Mohd Nor, GCEO of MGTC, added that “The AGEB’s objectives are consistent with Malaysia’s national energy policies, especially with the recently launched Hydrogen Economy and Technology Roadmap (HETR), National Energy Transition Roadmap (NETR), and those of the United Nations Sustainable Development Goals (UNSDGs), in the global pursuit of energy transition and net-zero carbon”.

    “AGEB is poised to become Asia’s green energy flagship project, focusing primarily on Green Power and Green Hydrogen assets development. It plans to connect all green energy hubs, which the project proposes to develop across Asia to form a green energy belt to promote and ensure regional energy security and facilitate efficient cross-border trading of green energy. AGEB aims to decarbonise our national and regional economies by advocating sustainable development via sustainable and responsible investment (SRI) in green energy generation and establishing Malaysia as the leading player in the region’s transition towards a sustainable and greener future.”, Yap added.

    To ensure success in project rollout, Biotek Dinamik Sdn. Bhd is teaming up with SPIC – one of the five major power generation groups in China and the largest solar power generation enterprise in the world (SPIC’s current installed solar photovoltaic capacity stands at 60GW), with its businesses spanning 46 countries. Currently, SPIC energy portfolio consists of 213GW total installed capacity, of which clean energy accounts for 66.19%. Total asset value stands at US$229 billion, and it is ranked 260th in Fortune Global 500, making SPIC one of the world’s largest clean energy producers with muscular financial strength and proven technical capabilities. Regarding global green energy generation rankings, measured in terms of installed capacity, SPIC ranks first in the world in solar photovoltaic, second in wind power, and first in new energy & total renewable energy. Also present at the event was Mr Zhai Chuan Xu, Director, SPIC Energy Malaysia Bhd.

    To ensure smooth and effective implementation of the AGEB project in Malaysia, MGTC is the project’s strategic partner and the enabler for the project to align with government policies, industrial guidelines and practices. In contrast, SPIC is the project’s EPCC (Engineering, Procurement, Construction and Commissioning) partner and investor. Phase 1 (1st-3rd year) of the AGEB entails the development of 1GW of Solar to Hydrogen project. It is estimated to cost approximately RM5 billion. In contrast, Phase 2 of the project consists of developing 4GW of green energy (both Green Electrons and Green Molecules) projects estimated to cost RM20 billion. Therefore, total investment over the next 5-8 years for the planned 5GW project is estimated to cost some RM25 billion.

    Meanwhile, both parties expressed gratitude to the Minister of Natural Resources, Environment and Climate Change, YB Nik Nazmi Nik Ahmad, for his presence at the event to witness the momentous occasion.

  • Reliability and Resilience: Ministry of Health and SDCL Focus on Energy for Critical Care Services

    SDCL, the world’s leading specialist investor in energy efficiency, has partnered with Malaysia’s Ministry of Health, MGTC, and MyHijau companies during the groundbreaking Malaysia First Energy Efficiency Forum. This collaboration aims to initiate projects that bring about noteworthy reductions in carbon emissions and considerable cost savings.

    Hospitals are one the largest and most consistent energy users with the crucial role they play. SDCL brings deep sector experience in demonstrating how energy efficiency can deliver cheaper, cleaner and more reliable infrastructure solutions to a key infrastructure sector. Malaysia hospitals need reliable and cost-effective energy services throughout the year, ranging from electricity and heat, to hot water and cooling. Hospitals also demand reliable and resilient energy solutions and backup systems. Energy demand reduction initiatives involving lighting and temperature control may also improve patient care.

    Through the IGEM engagement, MoH, MGTC and SDCL are setting a pathway to accelerate identifying fit-for-purpose solutions in Malaysia that require no up-front capital outlay for the user and result in lower operating costs. Through focusing on energy efficiency, hospitals can deliver cleaner, more resilient energy solutions that reduce maintenance costs and increase productivity.

    SDCL CEO Jonathan Maxwell states “Our investments in energy efficiency demonstrate that energy efficiency is not only one of the largest but the most cost-effective means to reduce greenhouse gas emissions as it improves resilience and energy security while also reducing costs and improving productivity. It is infact a major source of green growth”.

  • What Is a Reserve Currency? U S. Dollar’s Role and History

    Most international debt is held in USD to maintain stability in lending costs and expected returns. Being the country issuing a reserve currency reduces transaction costs, since both sides of the transaction involve the same currency and one is yours. Reserve currency issuing countries are not exposed to the same level of exchange rate risk, especially when it comes to commodities, which are often quoted and settled in dollars.

    1. These reserve requirements are established by the Fed’s Board of Governors.
    2. As the United States printed more money to finance its spending, the gold backing behind the dollars diminished.
    3. We wish them luck in deciding between rate cuts and hikes if oil prices fall, hurting Russia while causing potential booms in India and China.
    4. The United States is also harmed by currency manipulation—when another country holds down the value of its currency to maintain a large trade surplus.

    “Sanctions are an effective tool, but we have to be careful,” CFR’s Benn Steil told NPR. Meanwhile, the Chinese renminbi has become the most-traded currency in Russia. The other fatal flaw, in our view, is that there is no viable replacement for the dollar, as has been discussed previously.

    How Do Currencies Gain Reserve Status?

    Most countries paid in gold, making the U.S. the owner of a majority of gold by the end of the war. A return to the gold standard became impossible as okcoin review countries depleted their reserves. Treasury Secretary Janet Yellen, say that the aggressive use of sanctions could threaten the dollar’s hegemony.

    What Is a Reserve Currency?

    The amount that a bank is required to hold in reserve fluctuates depending on the state of the economy and what the governing board determines as the optimal level. Nations across the world bulk up on reserve currency as a shock absorber against economic crisis. China has the beaxy exchange review largest reserves at $3,520.4 trillion followed by Japan at $1.321 trillion. Saudi Arabia has $580.7 billion while the Russia Federation has $407.3 billion. The Asia states of Hong Kong, Republic of Korea, and India have $380.3, $372.6, and $366.2 billion dollars respectively.

    Is the U.S. dollar still a viable reserve currency?

    Most major economies with flexible or floating exchange rate schemes clear excess supply and demand by buying or selling reserve currency. For instance, a country that wants to boost the value of its currency can repurchase its national currency with its foreign currency reserves. A large percentage of commodities, such as fp markets reviews gold and oil, are priced in the reserve currency, causing other countries to hold this currency to pay for these goods. Countries also keep an eye on major reserve currencies to ensure that their holdings aren’t adversely affected. For instance, strong inflation in the U.S. could cause a devaluation of the U.S. dollar.

    Starting in the mid-20th century, the U.S. dollar was set as the international reserve currency. Since then, strong economies in many countries have led to the rise of other international reserve currencies. Many of them are specifically designated as reserve currencies by the International Monetary Fund (IMF).

    For instance, if the value of the Brazilian real starts to fall during an economic downturn, the Central Bank of Brazil can step in and use its foreign reserves to bid up its value. Conversely, countries can intervene to stop their currencies from appreciating and make their exports cheaper. Reserve currency status isn’t without its drawbacks, and the problems issuing countries face underscore why mature economies tend to be the ones issuing widely held currencies. Low borrowing costs stemming from issuing a reserve currency may prompt loose spending by both the public and private sectors, which may result in asset bubbles and ballooning government debt. Stimulus spending in the U.S., for example, led Chinese leaders to fear a weak dollar since that would erode the country’s value of dollar-denominated debt.

  • MALAYSIA’S COMMITMENT ON CLIMATE ACTION AND PREPARATIONS FOR THE UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE (UNFCCC) COP28

    The upcoming COP28, which will be held in Expo City Dubai, United Arab Emirates, from 30 November to 12 December 2023, is expected to attract a large Malaysian delegation of more than 200 delegates, including ministers, government officers, subject matter experts, representatives from the private sector, and representatives from other relevant organisations.

    Malaysia will also have a presence through a dedicated Malaysia Pavilion, which will showcase Malaysia’s thought leadership and proposition to the approximately 40,000 delegates expected to attend this global conference.

    The soft launch of the Malaysia Pavilion @ COP28 was officiated by YB Nik Nazmi Nik Ahmad, Minister of the Ministry of Natural Resources, Environment and Climate Change at IGEM 2023 today.

    As a party to the Paris Agreement, Malaysia has committed to reduce its economy-wide carbon intensity (relative to Gross Domestic Product) of 45% by 2030 compared to the 2005 level. Malaysia also aspires to achieve net-zero greenhouse gas emissions as early as 2050, subject to the outcome of the Long-Term Low Emissions Development Strategies (LT-LEDS) prepared by the Ministry of Natural Resources, Environment and Climate Change.

    Malaysia will establish its own pavilion within the Blue Zone of COP28, intending to spotlight its proactive role as a climate leader and foster collaborations and investments. Throughout COP28, our pavilion will host interactive exhibits, panel discussions, and side events designed to offer diverse insights into Malaysia’s climate initiatives.

    Speaking at the Malaysia Pavilion COP28 soft launch, YB Nik Nazmi said, “Malaysia’s participation in COP28 in Dubai, UAE, is a collective journey driven by determination. As we traverse this path, let us focus our energy on crafting impactful policies, pioneering technologies, and fostering transformative collaborations.”

    “Malaysia is proud to showcase our unwavering commitment to climate action through the Malaysia Pavilion. It serves as more than just a physical structure; it stands as a tangible demonstration of Malaysia’s commitment and dedication to address climate change,” said Nik Nazmi.

    Malaysia’s Pavilion at COP28 will be led by the Ministry of Natural Resources, Environment and Climate Change and Malaysian Green Technology and Climate Change Corporation as the implementing agency. The Ministry also organised a Climate Change Forum : Road to COP28 on 5 September 2023 aimed at fostering further discussion and gathering diverse perspectives on Malaysia’s agenda for COP. In November 2023, Malaysia will be hosting the Asia Pacific Climate Week, showcasing our commitment to address climate challenges on a regional scale.

     

  • Malakoff Aims to Generate 500 MW of Solar Power from the Group

    Malakoff Corporation Berhad (“Malakoff”) has inked a Memorandum of Understanding (“MoU”) with ports under the MMC Group of Companies (“MMC Ports”), namely Northport (Malaysia) Bhd, Johor Port Berhad, Tanjung Pelepas Sdn Bhd and Penang Port Sdn Bhd to explore the collective potential through collaboration and to undertake business exploration in various green power initiatives including, but not limited to, any solar power programme under the Government’s initiatives such as the Corporate Green Power Programme (“CGPP”), Self-Consumption (“SelCo”), cold ironing or shore-to-ship power supply, installation of Electric Vehicle (“EV”) charging stations and others, where collectively referred to as the “Green Power Projects”.

    An exchange of documents containing the MoU was held during the International Greentech & Eco Products Exhibition and Conference Malaysia (“IGEM”) 2023 at the Kuala Lumpur Convention Center between Malakoff’s Managing Director/Chief Executive Officer (“MD/CEO”) Encik Anwar Syahrin Abdul Ajib and the MMC Ports’ CEOs. The exchange was witnessed by Deputy Minister of Natural Resources Environment and Climate Change (“NRECC”) YB Dato’ Sri Huang Tiong Sii and Malakoff’s Executive Vice Chairman Tan Sri Che Khalib Mohamad Noh.

    Through this MoU, Malakoff and MMC Ports are set to embark on a transformative partnershipwithin the CGPP where Malakoff will assume the pivotal role of a solar power producer and MMC Ports will serve as the esteemed corporate consumer. This strategic collaboration paves the way for MMC Ports to tap into Renewable Energy (“RE”) through a virtual acquisition of solar power. This initiative reflects the joint commitment of Malakoff and MMC Ports to spearhead the development of 500 MW of solar projects within the Albukhary Group of Companies.

    Additionally, under the SelCo rooftop solar programme, Malakoff will serve as the developer for the end-user, MMC Ports, where installation, operation and maintenance of the solar photovoltaic (“PV”) system to be expertly managed by Malakoff.

    Furthermore, in line with the Government’s aim to achieve a 70% RE capacity mix by 2050 Malakoff and MMC Ports are actively exploring opportunities for collaboration within the Large Scale Solar (“LSS”) programme. Additionally, they are considering the implementation of cold ironing or shore-to-ship power supply solutions. Cold ironing or shore-to-ship power supply is the process of providing electricity to the ship at berth, during which, the engines are shut down, significantly reducing greenhouse gas emissions and air pollution.

    Malakoff’s MD/CEO Encik Anwar Syahrin Abdul Ajib welcomes the Government’s recent announcement of the National Energy Transition Roadmap (“NETR”) that not only outlines clear policies for utility companies such as Malakoff to further leverage its expertise onto the RE space, but it will substantially boost the country’s economic growth.

    “This strategic collaboration represents our ambition and commitment to tackling global environmental issues by expanding our existing RE portfolio and exploring different areas of green initiatives through comprehensive and innovative solutions. To date, our achievements encompass 67 MW of total solar installed capacity through LSS and rooftop solar, and a promising 84 MW of hydropower capacity that is steadily progressing towards completion. Ourreadily available landbank in Perak and Melaka that are located close to the grid lines, serves as evidence of our capacity, which would subsequently enable potential offtakers, especially within the Albukhary Group, to develop solar projects. Moreover, we are also exploring energy exports to the neighbouring countries, such as Singapore”.

    “As Malakoff strives to be the leading global energy generation and environmental solutions player, we have set an ambitious target of our own – reaching an RE capacity of 1,400 MW by the year 2031 and achieving a 15% to 20% of recycling rate by 2025 from waste collected by our wholly-owned subsidiary, Alam Flora Sdn Bhd – which demonstrates our unwavering dedication to sustainability”.

    In our pursuit of a cleaner and greener world, this MoU is part of Malakoff’s commitment towards UN Sustainable Development Goal No. 7 – Affordable and Clean Energy which focuses on ensuring access to affordable, reliable and sustainable energy for all.

    For more details, please visit www.malakoff.com.my.

     

  • MALAYSIAN GREEN TECHNOLOGY AND CLIMATE CHANGE CORPORATION ANNOUNCED A SERIES OF STRATEGIC COLLABORATIONS ON THE FIRST DAY OF IGEM 2023

    The Malaysian Green Technology and Climate Change Corporation (MGTC) announced a number of strategic alliances and projects at the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2023, which will be held at the MGTC Pavilion, Kuala Lumpur Convention Centre.

    MGTC signed a Memorandum of Agreement with Universiti Malaya Power Energy Dedicated Advanced Centre to develop and implement the “Training on Solar PV for Beginners” and “Solar PV System Design and Operations” programmes. On the other hand, the MoU with Zull Design Autotronic marks our collaboration on the “Bijak Tani: Green Hydroponic Programme”. With Universiti Malaysia Pahang Al-Sultan Abdullah, on the other hand, we’re expanding our partnership to include technology and knowledge sharing, education, training, student career placement, and research activities. These collaborations aim to implement training programs, promote innovation and knowledge dissemination, and adapt to future-proof technology for broader cooperation in education, research, and technology sharing.

    To exemplify our work with communities, Rumah Ibadat Hijau (RIH) programme has joined forces with MyFundAction to explore an alternative funding source for the initiative and to encourage investments in green and community programmes while generating new job opportunities. The programme is also partnering with MARDI to focus on greenery aspects within RIH, particularly the UrbanKit (Aquaponic) project, aimed at providing an additional source of income for asnaf and B40 communities. This collaboration will raise agricultural productivity within local communities and address food security issues. With the collective effort from these partnerships, we aim to have 230,000 green jobs created.

    In the pursuit of promoting the adoption of green products, MGTC has signed a Memorandum of Collaboration (MoC) with Shopee Malaysia to solidify our partnership following the launch of the “Jom Beli Produk Hijau” campaign to raise awareness of the MyHIJAU Mark Recognition Scheme. The campaign offers vouchers worth RM60,000 on selected green products on Shopee until December 2023. We also signed a MoC with Malaysian Industrial Development Finance Berhad to provide training advisory services and promote Low Carbon Operating System (LCOS) to MIDF’s stakeholders and customers, exemplifying our sustainability commitment. The document exchanged was witnessed by the Deputy Minister of Natural Resources, Environment and Climate Change, YB Dato’ Sri Huang Tiong Sii.

    Group Chief Executive Officer of MGTC, Ts Shamsul Bahar Mohd Nor, proudly shared, “We are thrilled to announce the culmination of these strategic partnerships. They underpin our commitment to magnify our work continuously. These coalitions reflect the strength of our shared values and goals with our esteemed partners.

    He added, “We are partnering with Politeknik Port Dickson to enhance the Diploma in Energy Efficiency and Green Energy syllabus. This collaboration includes competency development for lecturers and students in energy efficiency and green energy. This partnership will foster innovation, drive growth, and create new green job opportunities.”

  • Green Innovations: MGTC’s Influential Partnerships Unveiled at IGEM2023

    On the third day of IGEM 2023, a prominent event showcasing greentech and eco-friendly products, Malaysian Green Technology and Climate Change Corporation (MGTC) revealed a new set of pioneering collaborations and projects, focusing on promoting environmental stewardship and climate action within Malaysia.

    In partnership with the UK Government, MGTC is proud to introduce the Malaysia Climate Action Simulator (MCAS). MCAS is a simulation tool to enable stakeholders to visualise low-carbon future scenarios through 2050. This cutting-edge tool will facilitate the exploration of pathways to mitigate greenhouse gas (GHG) emissions in various sectors, including energy, transport, building, industry, land use, and waste. MCAS is a vital communication tool to raise awareness about the impact of technology and policy choices on GHG emissions. In a bid to promote sustainability education, MGTC is also collaborating with universities to develop educational modules centered around MCAS, potentially integrating it into a university syllabus, MCAS is open to further research contributions, fostering informed decision-making for a sustainable future. The MCAS web tool can be accessed at www.mcas.my.

    MGTC is also thrilled to announce a strategic Memorandum of Cooperation (MoC) with the National Water Services Commission (SPAN) in support of sustainability in Malaysia’s water sector. This partnership will focus on the adoption of the Low Carbon Operating System (LCOS) for measuring carbon emissions. MGTC will provide onboarding support for LCOS, while SPAN, as the regulatory authority, will lead the widespread adoption of this platform.

    Together, they aim to drive environmentally responsible water management practices, aligning with Malaysia’s commitment to a greener future. The collaboration’s total value is RM368,265.20, covering the measurement of Scope 1, Scope 2, and Scope 3 emissions for SPAN and 12 water operators. This partnership also encompasses the promotion of climate change awareness, LCOS adoption, and the establishment of a standardised system for carbon emissions measurement and reporting in the water industry.

    In addition, an MoC has also been established between MGTC and Greehill Asia-Pacific Pte Ltd, aiming to explore and evaluate potential joint endeavours in the domain of urban green infrastructure and ecosystem services management. This partnership will encompass comprehensive surveys, automated inventory processes, tree risk analysis, quantification, visualisation, reporting, and monitoring of urban green infrastructure, enhancing urban planning and sustainability efforts. These activities are designed to bolster urban planning initiatives, enhance sustainability practices, and ultimately contribute to the development of more environmentally resilient urban environments.

    In a significant stride towards plastic circularity and sustainability, MGTC has forged a Memorandum of Collaboration (MoC) with the Malaysian Recycling Alliance (MAREA). This collaborative effort seeks to harness MGTC’s position in promoting green growth and MAREA’s specialization in Extended Producer Responsibility (EPR). Together, they aim to establish strategic alliances, facilitate the exchange of technical expertise, implement capacity development programs for EPR, foster eco-design and eco-innovation in plastic packaging, and educate communities about the principles of plastic circularity. This partnership is aligned with Malaysia’s overarching green growth strategies and the objectives outlined in the Malaysia Plastic Sustainability Roadmap (MPSR).

    GCEO of MGTC, Ts Shamsul Bahar Mohd Nor mentioned, “These initiatives and partnerships collectively reflect MGTC’s unwavering commitment to fostering sustainability, environmental responsibility, and climate action in Malaysia. These collaborations span a wide spectrum of critical areas and exemplify Malaysia’s dedication to building a greener and more sustainable future.”

    “These collaborations not only coincide with Malaysia’s initiatives for environmentally sustainable growth and the SDGs, but also serve as essential contributors to addressing worldwide challenges associated with climate change. As we progress, MGTC remains steadfast in its commitment to these transformative initiatives, guided by a distinct vision of constructing a more sustainable and resilient future for all, leaving no one behind,” he added.

  • Pemuliharaan Geodiversiti: Langkah Masa Depan untuk Alam Semesta

    Hari Geodiversiti Antarabangsa merupakan peristiwa tahunan yang diraikan pada 6 Oktober setiap tahun untuk meningkatkan kesedaran di kalangan masyarakat tentang kepentingan kepelbagaian geologi atau geodiversiti. Ia merujuk kepada kepelbagaian semulajadi bukan hidupan yang memberi manfaat kepada kesejahteraan dan kemakmuran di seluruh planet ini.

    Geodiversiti ialah kepelbagaian unsur alam semula jadi yang terdiri dari sumber geologi iaitu batuan, mineral, fosil, tanah, sedimen, proses geologi semula jadi, landskap dan tanah yang mendasari serta mempengaruhi bentuk dan sifat landskap serta persekitaran kita.

    Semestinya kita amat menghargai kepelbagaian geologi yang tidak ternilai yang dianugerahkan oleh Tuhan kepada Malaysia. Geodiversiti adalah bukti kepada proses yang membentuk mukabumi kita selama berjuta tahun, justeru menghasilkan karya seni geologi yang unik.

    Keindahan Gunung Kinabalu, Sabah yang terbentuk pada 9-8 juta tahun yang lampau dan Formasi Machincang, Langkawi yang berusia 550-490juta tahun adalah antara contoh geodiversiti di Malaysia yang merupakan kebanggaan kita dan telah diiktiraf oleh dunia.

    Kementerian Sumber Asli, Perubahan Iklim dan Alam Sekitar Malaysia (NRECC) amat komited untuk melindungi geodiversiti negara dengan memastikan pengurusan sumber asli yang bertanggungjawab dan melaksanakan pelbagai inisiatif kearah pembangunan sumber asli yang mampan sejajar dengan Sustainable Development Goals, Pertubuhan Bangsa-Bangsa Bersatu, khususnya yang bertujuan untuk melindungi, memulihara dan mempromosikan penggunaan tanah yang lestari.

    Saya ingin mengucapkan terima kasih kepada semua pihak yang telah dengan gigih bekerja untuk pemuliharaan dan pendidikan geodiversiti. Sumbangan anda adalah berharga dalam memupuk pemahaman yang lebih mendalam tentang geodiversiti kita dan peri pentingnya dalam kehidupan kita.

    Akhir kata, mari kita bersama-sama berjanji untuk menghargai dan melindungi geodiversiti negara bagi memastikan bahawa generasi akan datang akan terus mendapat manfaat daripadanya. Semoga kita terus menjelajah, mengungkap, dan melindungi sumber geodiversiti Malaysia untuk generasi akan datang.

    Selamat Menyambut Hari Geodiversiti Antarabangsa Tahun 2023.

    Sekian, terima kasih.