Sarawak Energy's Commitment to Sustainable Energy Future in Malaysia
Key Ideas
- Sarawak Energy is actively participating in carbon credits and renewable energy certificates (RECs) market to support Malaysia's transition to a low-carbon future.
- The company is involved in projects like Southeast Asia's first integrated hydrogen production plant, floating solar farm, and expanding large-scale solar installations.
- They have seen substantial growth in the sale of RECs, aiming to continue this growth by expanding sales and exploring new renewable energy projects.
- The Malaysia Carbon Market Association (MCMA) has been launched to accelerate the development of the carbon market in Malaysia, with Sarawak Energy as a founding member.
Sarawak Energy is dedicated to advancing national sustainability goals and actively participating in the carbon credits and renewable energy certificates (RECs) market to bolster Malaysia's shift towards a low-carbon future. At the Malaysia Carbon Market Forum in Kuala Lumpur, Sarawak Energy highlighted the role of carbon credits and RECs in reducing carbon emissions and supporting Malaysia's transition to a low-carbon energy system. Dr Chen Shiun emphasized the importance of environmental attributes in energy transition, citing how they certify renewable energy generation. The company's projects include Southeast Asia's first integrated hydrogen production plant, a floating solar farm, and plans for expanding large-scale solar installations. Sarawak Energy has significantly increased its sale of RECs, aiming for continued growth by expanding sales and venturing into new renewable energy projects. They are actively investing in renewable energy, particularly hydropower, to achieve the Post Covid-19 Development Strategy targets. The launch of the Malaysia Carbon Market Association (MCMA), with Sarawak Energy as a founding member, aims to advance the development of the carbon market in Malaysia through collaboration and policy formulation.
Topics
Asia
Renewable Energy
Sustainability
Energy Transition
Government Initiatives
Market Growth
Environmental Responsibility
Carbon Credits
RECs
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