Malaysia’s Continuing Green Aspirations Beyond 2020
The Renewable Energy Act 2011 played an important role in establishing Malaysia’s popular feed-in tariff system. But by the end of the 2010s, the legislation seemed past its prime and required a reboot to keep Malaysia on track in achieving its green aspirations.
The year 2020 then came with its unique set of challenges, causing a setback for green energy policies and climate change legislation. However, Amin Abdul Majid, Partner and Caera Lee, Senior Associate of Zaid Ibrahim & Co. (a member of ZICO Law) argue in this article that notwithstanding those challenges, Malaysia displayed a persistence with continued efforts by the Government and other stakeholders in the industry to promote and increase renewable energy generation.
They discuss what to expect in 2021 and beyond and look at the green energy initiatives and investment opportunities that have been introduced by the Government, aiming for a Malaysian economic recovery rooted in sustainable and responsible development. Malaysia will continue to be a promising focus for investments linked to renewable energy as it charts the course towards a more sustainable and resilient economy.