MOSTI's Ambitious Hydrogen Production Goals and Sustainable Energy Vision
Key Ideas
- MOSTI aims to produce 2 million tons of hydrogen annually by 2030, scaling up to 16 million tons by 2050 to support decarbonisation and reduce greenhouse gas emissions by up to 10 percent.
- The transition plan involves phasing out fossil-fuel-based grey hydrogen in favor of green hydrogen, with blue hydrogen playing a crucial interim role by incorporating carbon capture to reduce emissions.
- Key strategies to accelerate green hydrogen adoption include financial incentives, capacity building programs, collaboration with industry partners like PETRONAS, and initiatives to make Fuel Cell Electric Vehicles more affordable.
- The Economy and Technology Roadmap (HETR) aims to position Malaysia as a leader in sustainable energy solutions, tapping into the lucrative global green hydrogen market and projecting potential revenues of at least RM905 billion by 2050.
The Ministry of Science, Technology, and Innovation (MOSTI) in Malaysia has set ambitious goals to produce 2 million tons of hydrogen annually by 2030, scaling up to 16 million tons by 2050 as part of the Economy and Technology Roadmap (HETR). This transition is aimed at supporting the decarbonisation of key sectors and reducing greenhouse gas emissions by up to 10 percent. The plan involves phasing out grey hydrogen in favor of green hydrogen in the long term, with blue hydrogen serving as an important intermediary solution by incorporating carbon capture to reduce emissions. Despite challenges such as cost competitiveness, MOSTI believes in the potential for hydrogen to become a cheaper alternative to diesel by 2050, especially with the shift in energy subsidies towards renewables. Financial incentives, capacity building programs, and collaborations with industry partners like PETRONAS are key strategies to accelerate the adoption of green hydrogen. Malaysia's focus on sustainable energy solutions through HETR aims to position the country as a leader in the global green hydrogen market, with potential revenues projected to reach significant levels by 2050.
Topics
Blue Hydrogen
Energy Transition
Decarbonisation
Green Energy
Sustainable Development
Hydrogen Market
Financial Incentives
Clean Energy Solutions
Technology Roadmap
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