The Future of Malaysia's Energy Mix
Balancing an increasing share of sustainable energy without compromising on access, affordability and job creation has been a central concern to policymakers across the world and Malaysia is no exception. Furthermore, the economic importance of the oil and gas industry to Malaysia add complexity to these already challenging policy issues. How can Malaysia foster the growth of greener, less-carbon intensive, sources of energy while preserving reliability of supply and affordability of cost? Can the country achieve its Paris Agreement pledge with the current energy mix and policies?
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The Future of Malaysia’s Energy Mix
This paper looks at the energy industry of Malaysia which has, paradoxically, recorded both the increase of coal and renewable energy in its matrix. It is in this context that the government will now need to consider the future of energy policy as it develops the 12th Malaysia Plan. Investments in the energy sector, such as power plants, are designed to have a useful life of decades, therefore decisions taken today will impact future generations for years to come.