Malaysia's Commitment to Hydrogen Development in APEC
Key Ideas
- Malaysia expresses confidence in APEC's Policy Guidance for effective hydrogen strategy development.
- The country's phased hydrogen approach reflects a commitment to a sustainable energy future.
- Public-private partnerships are pivotal for Malaysian hydrogen initiatives and fostering international collaborations.
- Government incentives and policies support private sector investments in hydrogen technologies in Malaysia.
Deputy Prime Minister Datuk Seri Fadillah Yusof of Malaysia has expressed confidence in the Asia Pacific Economic Cooperation (APEC) Policy Guidance for developing and implementing hydrogen strategies effectively. Malaysia aligns its national objectives with the Low-Carbon Hydrogen Policy frameworks suggested by APEC, emphasizing a transition from grey to green hydrogen to achieve a sustainable and low-carbon energy future. The country highlights the importance of public-private partnerships in advancing hydrogen technologies, exemplified by initiatives like the Sarawak Hydrogen Hub aiming to export green hydrogen by 2027. To encourage private sector investments, Malaysia offers incentives such as tax breaks, research subsidies, and funding for pilot projects. Furthermore, Malaysia is integrating hydrogen blending with natural gas in power plants and adopting green ammonia for co-firing to decarbonize its power sector. Fadillah stresses the positive impact of collaborations among APEC economies and emphasizes the significance of coordinated policy frameworks for accelerating the transition to low-carbon hydrogen.