Malaysia's Ambitious Hydrogen Plan for Sustainable Energy Future
Key Ideas
- MOSTI aims to produce 16 million tons of hydrogen by 2050, supporting decarbonisation in key sectors, reducing greenhouse gas emissions, and tackling climate change.
- Transition from grey to green hydrogen through the Economy and Technology Roadmap (HETR) with blue hydrogen as a bridge to reduce emissions while improving technology for cost-competitiveness.
- Financial incentives like tax allowances and exemptions, as well as subsidies, are proposed to accelerate the adoption of green hydrogen and make Fuel Cell Electric Vehicles more affordable.
- Collaborations with PETRONAS and international partners, capacity building through training programs, and initiatives like Malaysia Hydrogen Industry Alliance showcase Malaysia's commitment to leading in sustainable energy solutions.
The Ministry of Science, Technology, and Innovation in Malaysia has unveiled an ambitious plan to produce two million tons of hydrogen annually, scaling up to 16 million tons by 2050. This move aims to support the decarbonisation of key sectors like power generation and transportation, cutting greenhouse gas emissions and reducing the country's reliance on fossil fuels. Minister Chang Lih Kang highlighted the transition from grey to green hydrogen through the Economy and Technology Roadmap (HETR), with a focus on making green hydrogen more cost-competitive by improving technology and efficiency. The plan involves utilizing blue hydrogen as a bridge to reduce emissions by incorporating carbon capture. Financial incentives such as tax allowances, exemptions, and subsidies are proposed to accelerate the adoption of green hydrogen and make Fuel Cell Electric Vehicles more affordable. The global green hydrogen market potential is significant, with Malaysia projected to tap into this market, potentially reaching revenues of RM905 billion by 2050. Collaborations with PETRONAS and international partners, capacity building through training programs, and initiatives like the Malaysia Hydrogen Industry Alliance demonstrate Malaysia's commitment to leading in sustainable energy solutions.
Topics
Blue Hydrogen
Energy Transition
Green Technology
Decarbonisation
Global Market
Sustainable Development
Financial Incentives
Capacity Building
Fuel Cell Vehicles
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