Malaysia targets RM85.24b in energy savings by 2035 under renewed 10
The Malaysian government has launched the NEEAP 2.0, a 10-year policy aiming to achieve RM85.24 billion in energy savings by 2035. The plan focuses on industrial and domestic energy efficiency, workforce reskilling, and sustainable funding to reduce national energy demand.
Why it matters
This policy represents a significant national commitment to decarbonization and economic efficiency, aligning Malaysia with global sustainability targets.
BURSA SGX Home Energy Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Aug 11): Malaysia is committed to saving US$21.5 billion (RM85.24 billion) in utility cost under the renewed 10-year National Energy Efficiency Policy and Action Plan (NEEAP 2.0), according to the Ministry of Economy.
Its minister Akmal Nasrullah Mohd Nasir, who officiated the launch of NEEAP 2.0, said the plan, which will run until 2035, aims to reduce national energy demand by 11.6%. This reduction is equivalent to achieving cumulative energy savings of 815,382 terajoules against business-as-usual projections. The 10-year action plan focuses on four strategic thrusts, the implementation of the energy efficiency plan, workforce reskilling and upskilling, sustainable funding mechanisms, and private-sector initiatives and investments.
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