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Tag: #MGTC

  • ATOZERO ASEAN 2023 A STELLAR SUCCESS

    Nearly 2,400 people attended the recently held AtoZero (Accelerate to Net Zero) ASEAN Summit & Exhibition, which was co-organized by Constellar and the Malaysian Green Technology and Climate Change Corporation (MGTC), powered by clean energy solutions provider, Gentari. These attendees included CEOs, think-tank leaders, policymakers, and important stakeholders from throughout the region. The purpose of the event was to foster innovation, explore investment opportunities, and engage in dialogue regarding the region’s net zero pathways.

    Co-located and held concurrently with the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2023, AtoZero ASEAN attracted the top-brass from PETRONAS, Gentari, Indian Renewable Energy Development Agency (IREDA), International Gas Union, Tenaga Nasional Berhad, Rystad Energy, Solarvest, Sumitomo Mitsui Banking Corporation, Bursa Malaysia, Pertamina, Chevron, ASEAN Centre for Energy, Aboitiz Power and UN Global Impact.

    Constellar’s Senior Vice President, International & Business Development, Mel Shah said, “Our arduous efforts leading up to AtoZero ASEAN have been fruitful and I am truly pleased by the impact the event has created among the who’s who in the net zero value chain. Enthused by this, we are already preparing for the next event in the series in India and China – the economic powerhouses that are equally committed to climate action. We will ride this momentum to create an even more dynamic AtoZero ASEAN 2024 as we pave the way for leadership dialogues, investments and innovations to accelerate the region’s net zero pathways.”

    AtoZero ASEAN examined the outlook and challenges faced by Asia’s energy sector in meeting the region’s net zero transition commitments and through a series of panel discussions with regional experts and business leaders showcasing their experiences, insights and perspectives on the potential multi-billion dollar business opportunities that the transition offers.

    Gentari CEO, Sushil Purohit, remarked, “Our participation in AtoZero ASEAN aligns with Gentari’s strategic vision. The event, bringing together industry leaders and officials, has ignited discussions on accelerating clean energy policies and the crucial role of collaboration in achieving net zero. We are delighted to have been part of the event.”

    AtoZero ASEAN was structured on the four key pillars of the net zero value chain, i.e., renewables, hydrogen, carbon capture plus gas and LNG. The discussions covered pertinent and pressing topics including regional inter-connectivity partnerships, unlocking renewable energy opportunities, carbon capture, green energy financing, hydrogen economy, ASEAN future grid and corporate net zero transition pathways, among others.

    IREDA’s Chairman and Managing Director, Pradip Kumar Das said, “IREDA participated in the event with much confidence in the mission of AtoZero ASEAN and I have to admit, we are thoroughly impressed. We are now fully focussed on taking the learning and insights from here to AtoZero India with an aim to facilitate governments, financiers, industries and businesses to coordinate, collaborate and cooperate in a cohesive manner to achieve the fastest sustainable development and energy transition.”

    Over the next few months, AtoZero will be held in India and China, following a similar format of high value content and eminent speakers to eventually take the conference, exhibition and networking experience well beyond ASEAN.

    The India series will be part of Mission Net Zero India Summit 2023, a trail-blazing initiative dedicated to accelerating India’s journey towards achieving net-zero carbon emissions. AtoZero India will be held on 7 and 8 December 2023 at IICC, Dwarka, New Delhi.

     

  • 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/.

  • IGEM 2023: Pioneering Sustainable Partnerships for Green Innovation

    The second day of IGEM 2023 showcased a series of crucial partnerships, emphasizing a collective commitment to driving green innovation. Through these partnerships, innovative solutions are anticipated to flourish, contributing significantly to Malaysia’s sustainability goals and the global drive towards renewable energy and eco-conscious practices.

    The MoC signing between Malaysian Green Technology and Climate Change Corporation (MGTC) and Universiti Utara Malaysia (UUM) marks a significant step toward advancing energy efficiency and renewable energy initiatives. The collaboration covers research partnerships focusing on Green Building assessment and renewable energy applications, knowledge exchange, publication sharing, and industry attachment programmes. It also aims to enhance sustainable energy management at UUM’s campus by achieving Energy Management Gold Standard certification and offering student capacity-building programmes. This collaboration will indirectly contribute to the green economy by promoting energy efficiency, renewable energy adoption, and environmental responsibility.

    Meanwhile, the MoC between MGTC and Mont Aero Sdn Bhd signals a joint commitment to develop hydrogen-related technologies focusing on hydrogen production and hydrogen gen-sets. The collaboration includes promoting hydrogen genset usage, converting landfill biogas into green hydrogen, and seeking government grants and funding. With an estimated investment value of RM15 million, this partnership aligns with Malaysia’s National Energy Transition Roadmap (NETR) and the Hydrogen Economy and Technology Roadmap. The aims of this MoC are rooted in environmental sustainability, energy efficiency, waste management, access to funding, national energy goals, and technological progress, all of which collectively contribute to a more sustainable and green energy landscape.

    On the other hand, the MoC between MGTC and SIRIM focuses on energy efficiency and renewable energy initiatives to support the transition towards a sustainable energy future. The collaboration will explore initiatives related to biomass, biogas, and hydrogen, as well as knowledge sharing and utilising SIRIM labs. This partnership is expected to contribute significantly to Malaysia’s NETR regarding energy efficiency and renewable energy targets. It also seeks to harness expertise, resources, and innovative technologies to promote a greener and more sustainable energy future while fostering knowledge sharing, and quality research and development. Ultimately, these efforts align with global initiatives to combat climate change and ensure a cleaner, more sustainable energy landscape for the future.

    Furthermore, MGTC, along with Alya Agro Venture Sdn Bhd, Ain Biomass Industries Sdn Bhd, and Planters International Berhad, has signed an MoC to collaborate on a biomass project that utilises bamboo as feedstock for the production of bamboo pellets and bamboo biochar. This partnership includes the purchase of raw bamboo, expanding production, knowledge sharing, and engagement in nature-based carbon sequestration efforts. The MoC is also motivated by the desire to leverage bamboo as a sustainable feedstock and enhance production capabilities, aligning with Sustainable Development Goals (SDG) 7: Affordable and Clean Energy and SDG 13: Climate Action.

    Ts Shamsul Bahar Mohd Nor, GCEO of MGTC, explained, “This collaboration will contribute to the green economy by providing a renewable energy source, creating local jobs, promoting trade and export, and mitigating climate change through carbon sequestration. A pilot project on bamboo as biomass feedstock is underway to support the bioenergy transition and the NETR.”

    MGTC and Bank Pembangunan Malaysia Berhad (BPMB) have also signed an MoC focusing on corporate sustainability by adopting the Low Carbon Operating System (LCOS), a cloud-based platform for carbon management. This collaboration was made to advance corporate sustainability, reduce carbon emissions, promote knowledge sharing, raise climate change awareness, adopt green technology solutions, provide access to green financing, and actively participate in global climate initiatives, all in alignment with environmental stewardship and climate action goals. BPMB will also partner with the Malaysia Pavilion at COP28 (Conference of Parties) as part of their commitment to environmental stewardship. Also present during the signing ceremony was YB Nik Nazmi Nik Ahmad, Minister of Natural Resources, Environment and Climate Change.

    The Green Technology Financing Scheme (GTFS) 4.0 launch highlights the financial support for various green sectors, including energy, manufacturing, transportation, building, waste, and water. The scheme provides attractive incentives to SMEs, mainly the 1.5% interest/profit rebate for the first five to seven years and a 60%-80% government guarantee on financing.  The appointed implementing agencies for GTFS 4.0 are MGTC and Credit Guarantee Corporation Malaysia Berhad (CGC) (the scheme administrator). MGTC and CGC will collaborate with Participating Financial Institutions (PFIs) to encourage local companies and entrepreneurs to participate in green technology projects and support the national green technology agenda.

    Ts Shamsul Bahar added, “The collaborations announced on the second day of IGEM 2023 are poised to accelerate Malaysia’s transition to a sustainable, green future, driving economic growth, job creation, and environmental responsibility.”

  • 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”.

  • IGEM 2023 Showcases Visionary Approaches for a Net Zero World

    The 14th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2023) was officially inaugurated today by YAB Dato’ Sri Haji Fadillah Haji Yusof, Deputy Prime Minister representing YAB Dato’ Seri Anwar Ibrahim, the Prime Minister of Malaysia. The event aims to attract RM4 billion in business opportunities and welcomes an anticipated 40,000 visitors from 40 countries. The ceremony saw the presence of cabinet ministers, ambassadors, international delegates, and other esteemed dignitaries.

    Organised by the Ministry of Natural Resources, Environment and Climate Change (NRECC) and co-organised by the Malaysian Green Technology and Climate Change Corporation (MGTC), IGEM 2023, Southeast Asia leading trade event for green technologies and eco solutions, has an impressive track record of having delivered RM41 billion in business leads, over 530,000 visitors from over 112 countries since 2010.

    Referring to the Prime Minister’s speech YAB Dato’ Sri Haji Fadillah bin Haji Yusof said, “Transitioning to a net-zero world calls for nothing less than a complete transformation of how we produce, consume, and move about. A growing coalition of countries, cities, businesses, and other institutions are pledging to get to net-zero emissions. More than 70 countries have set a net-zero target.”

    “Without a doubt, IGEM 2023 plays a decisive leadership role in accelerating and delivering the region’s Net Zero and just energy transition agenda. There are enormous opportunities to steer us to sustainability while ensuring robust economic and social progress. Something that is exemplified in the Malaysia Madani way of life that my government is strongly advocating and adopting,” he added.

    During the opening ceremony, YAB Dato’ Sri Haji Fadillah bin Haji Yusof unveiled the much-awaited Hydrogen Economy and Technology Roadmap, to unlock the prospect of harnessing a new energy carrier and the knock-on economic effects it would bring. Additionally, Leader Energy signed a strategic partnership with BASF Stationary Energy Storage GmbH, to promote the development of long-duration energy storage projects in Southeast Asia, having already identified 8 LDES projects with a total estimated value of RM1.8 billion.

    YAB also witnessed the signing of a memorandum of understanding (MoU) among PMB Aluminium Sdn. Bhd., Sumitomo Corporation Asia & Oceania Pte. Ltd and Nandina Remanufacturing Pte. Ltd. to expand the use of raw materials derived from retiring aircraft such as airplanes and helicopters, aligning with their shared vision of growing the circular economy to drive sustainable manufacturing.

    Furthermore, during the opening ceremony, Tenaga Nasional Berhad unveiled the Malaysia Green Attribute Trading System, or mGATS, as a national marketplace for Malaysia Renewable Energy Certificates (mREC), as part of the Government’s efforts to further propel the RE sector.

    Delivering the welcoming remarks, Minister of Natural Resources, Environment and Climate Change, YB Nik Nazmi Nik Ahmad said, “Having had the opportunity yesterday to personally meet with some of the delegates, visit the exhibition floor and take part in some of the conference sessions, it is clear to me that IGEM’s role as one of ASEAN’s leading trade events for green tech and eco products remains as relevant today as it was when its doors first opened in 2010.”

    “The government’s energy transition intent under the National Energy Transition Roadmap augurs well with my Ministry’s current effort to decarbonise the power sector through accelerated deployment of RE capacity in our power installed capacity from the existing 25% to 70% in 2050,” he concluded.

    The exhibition floor is organised by the sub-themes of Empowering Cities, Electrifying Mobility, Decarbonising Energy, Accelerating Circularity and Conserving Biodiversity with leading corporations such as UOB, Cypark Resources Berhad, Polymateria Limited, Bio Eneco, Lenovo, Canadian Solar and Cradle Fund making a presence with their impressive booths. The exhibition also features pavilions for Austria and Canada.

    Some of the prominent Malaysian participants include the Ministry of Health (MOH), the Ministry of Science, Technology and Innovation (MOSTI) and the state of Sabah, to name just a few. A key highlight of IGEM this year is the AtoZero ASEAN Summit which is co-located and runs concurrently with the event. Powered by Gentari, the Summit convenes the who’s who from across the net zero value chain, including key decision makers and changemakers to comprehensively explore pathways, policies and business opportunities to drive the global net zero transition agenda.

    IGEM is hosting several conferences on topics such as climate change, low-carbon cities, science and innovation, hydrogen economy, waste management, circular economy, water, energy efficiency and the United Nations Sustainable Development Goals.

    IGEM is also featuring the much-in-demand business networking sessions organized by the Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE) and MGTC.

    During the three-day event, numerous Memoranda of Understanding (MoUs) are being signed between Malaysian and international parties, reinforcing their commitment to collaborate in the race towards net zero.

    For further details on IGEM 2023, please visit www.igem.my.

  • Malaysia Takes a Leap in Climate Education with Innovative Simulator

    The Ministry of Natural Resources, Environment and Climate Change (NRECC), in partnership with the Malaysian Green Technology and Climate Change Corporation (MGTC), has officially unveiled the Malaysia Climate Action Simulator (MCAS). YB Nik Nazmi Nik Ahmad, the Minister of NRECC, presided over the formal launch event at the esteemed International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2023), held from 4-6 October at the Kuala Lumpur Convention Centre.

    Funded by the UK Government’s International 2050 Calculator Programme and supported by esteemed technical partners, Mott MacDonald, Imperial College London, Ricardo, and CLIMACT, MCAS is a groundbreaking tool designed to empower users to simulate technically feasible low-carbon future scenarios up to the year 2050. It offers a dynamic visualisation of Malaysia’s carbon emission trajectory and facilitates a comprehensive exploration of diverse pathways to mitigate greenhouse gas (GHG) emissions across critical sectors, including energy, transport, building, industry, land use, and waste.

    MCAS is a versatile communication tool to increase public awareness about the critical role of technology, policy, and behaviour in reducing GHG emissions. Furthermore, it is a valuable reference tool for businesses transitioning towards green technology solutions. Featuring an interactive and user-friendly web interface, MCAS empowers users to simulate different behaviours, navigate technological options, select potential pathways, and identify sector-specific roles.

    It also offers a common language for discussion on climate change mitigation measures. It provides the means to plan and visualise decarbonisation pathways and make a comparative analysis. MGTC will actively engage potential users through events dedicated to introducing and demonstrating MCAS as an educational and awareness communication tool. This outreach will primarily target industry stakeholders, universities, research institutes, non-governmental organisations, and the public.

    GCEO of MGTC, Ts. Shamsul Bahar Mohd Nor, expressed enthusiasm about the future of MCAS, saying, “MGTC has strategic plans to collaborate with universities in developing educational modules centered around MCAS and integrating it into the university curriculum. Additionally, MCAS remains open for further research contributions, aiming to facilitate more informed and rational decisions on various pathways to mitigate GHG emissions in Malaysia.”

    Her Excellency Ailsa Terry CMG, British High Commissioner to Malaysia, welcomes the rebrand and launch of the Malaysia carbon pathway calculator – MCAS, and said, “The UK is working closely with international partners like Malaysia to address the global climate challenges. Since 2012, the UK has committed £6 millions of International Climate Finance to the international community to support the creation of their respective 2050 Calculators. So far, we have helped create 19 national and 6 regional Calculators which have been used to develop NDCs and action plans, raise awareness and inform long-term strategies.

    “The launch of MCAS is a culmination of our knowledge sharing and technical collaboration with Malaysia, and I am pleased that it plays a role in mitigating greenhouse gas emissions across key sectors in Malaysia. This is part of our ongoing ambitious partnership with Malaysia to address the shared challenge of climate change and energy transition.”

    Mott MacDonald’s 2050 Calculator Programme Country Manager in Malaysia, Danny Giam, who has overseen the development of MCAS said “Mott MacDonald is delighted and excited to see the launch of the Malaysia Carbon Calculator (MCAS) come to fruition. I am excited and look forward to seeing the tool being adopted by various stakeholders from different backgrounds in the near future. It will be an important enabler in Malaysia’s journey to achieve zero net emission by 2050.”

    To access the Malaysia Climate Action Simulator (MCAS) webtool and embark on the journey towards a sustainable, low-carbon future, please visit www.mcas.my.

  • MGTC signs MoU with ABB, Atlas Copco, Daikin and Business Sweden to step-up energy efficiency progress

    ABB Malaysia Sdn Bhd, Atlas Copco (Malaysia) Sdn Bhd, Daikin Malaysia Sales & Service Sdn Bhd, and Business Sweden signed a Memorandum of Understanding (MoU) with the Malaysian Green Technology and Climate Change Corporation (MGTC) to formalise their collaboration and cooperation to boost energy efficiency.

    The agreement is timely given the Government’s renewed commitment and target of achieving an average of 21% energy savings by 2040 under the National Energy Transition Roadmap (NETR). With its cost efficiency and optimisation of resources, energy efficiency has been recognized as the most important lever in the NETR. Underpinning the value ofurgent action in this area, as much as RM6 billion worth of investments from now to 2040 is expected, with smart device installation and government building retrofits being prioritized.

    The MoU was signed by R Narayanan, Director, ABB Malaysia Sdn Bhd and Group Senior Vice President, ABB Motion, Asia; Khalid Shaikh, General Manager, Atlas Copco (Malaysia) Sdn Bhd; Chan Hon Leong, General Manager, Daikin Malaysia Sales and Service Sdn Bhd; Emma Broms, Trade Commissioner, Business Sweden and Ts. Shamsul Bahar Mohd Nor, Group Chief Executive Officer, MGTC, at the 1st National Conference on Energy Efficiency held in conjunction with the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM). On hand to witness the signing was YB Tuan Nik Nazmi bin Nik Ahmad, Minister of Natural Resources, Environment and Climate Change.

    “Being far more energy efficient than we are today is a must for Malaysia. We have come a long way, but more needs to be done to enhance our energy affordability and security, without compromising on our climate goals,” said YB Tuan Nik Nazmi bin Nik Ahmad at the event. “Energy plays an important role in Malaysia’s sustainable growth. We rely on energy to fuel everything from transportation to communication, to cities and industries. The evolving landscape requires us to re-evaluate how we consume energy and the imperative to act quickly on energy efficiency has never been stronger, “he added.

    Immediate mitigation measures are required to address climate change. The International Energy Agency, states that energy efficiency as ‘the first fuel’ represents the cleanest and, in most cases, cheapest way to meet energy needs. There is no plausible pathway to Net Zero without using our energy resources much more efficiently.

    “MGTC has been involved in and driving the energy efficiency agenda since our establishment as Pusat Tenaga Malaysia 25 years ago. As we evolve over the years, we will continue to work closely with all relevant stakeholders to achieve various national energy efficiency goals, such as an 8% reduction in electricity consumption by 2025 under the National Energy Efficiency Action Plan (NEEAP), and 11% reduction in industrial and commercial energy consumption by 2040 under the National Energy Policy 2022-2040 to name a few,” said Ts. Shamsul Bahar Mohd Nor, Group Chief Executive Officer, MGTC.

    “We strive to achieve these goals through programmes such as the Energy Management Gold Standard (EMGS) certification under the ASEAN Energy Management Scheme (AEMAS), MyHijau Mark, Low Carbon Operating System, and Green Incentives. In our pursuit of becoming a net-zero emissions country, we must acknowledge that achieving it would be impossible without urgent action on energy efficiency,” he added.

    The MoU covers the following areas:

    • Advocacy for improvement of minimum energy efficiency standards for industry equipment and systems;
    • Sharing of best practices and innovative technologies to accelerate retrofitting of public

    and government buildings;

    • Engaging key stakeholders including energy providers, regulators, users and influencers in

    knowledge sharing dialogues on energy efficiency; and

    • Establishing knowledge partners to expand the collaboration and to help industries identify technology and solutions that deliver the greatest value

    “The NEEC is aligned with the global Energy Efficiency Movement founded by ABB to galvanize actions for an energy efficient, regenerative and adaptive world, which is now over 400 members strong. Globally, enhanced efficiency-related measures can provide one third of the emissions reductions needed for Net Zero. In Malaysia, there is enormous untapped potential for efficiency improvements in every sector of the economy. Through our cooperation with friends and peers from the industry, we hope to forge ahead to shape a sustainable and resource-efficient future for Malaysia,” said R.Narayanan.

    “According to some energy experts, between 35% to 50% of the global energy consumption comes from industrial activities. In some of the more industrialised developing countries, the contribution of industry could be upwards of 50%. Energy conservation and gaining efficiency therefore become more of a compulsion than a choice. At Atlas Copco, we believe one of the best ways of conserving energy is through recovering and recycling energy. Atlas Copco, together with its industrial partners present in Malaysia can support local industries in not only meeting but exceeding the goals set in the National Energy Transition Roadmap (NETR),” said Khalid Shaikh.

    “Everything we use goes through a life cycle, and each stage of the life cycle has an environmental impact. At Daikin, our leading innovation has consistently pushed the boundaries of HVAC technology, and our focus has always been beyond selling. We prioritize decarbonization to ensure the efficiency of our products during their entire life cycle. By becoming part of the NEEC today, we look forward to bringing this aspect into focus to move the needle on Malaysia’s energy transition,” said Chan Hon Leong.

    “Business Sweden is thrilled to continue the collaboration between Malaysia and Sweden, enhancing the green transition. Our shared commitment to a more sustainable future has opened doors for innovation, knowledge exchange, and partnerships, which this MoU is a testament to. Sweden is a well-known sustainability leader and has energy efficiency as one of its main priorities and a central instrument to achieve our targets. The Swedish businesses in Malaysia are no exception and are accelerating the development together with their Malaysian partners and customers”, Emma Broms concluded.

     

     

  • 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.