BMCC Newsletter #364 - Green Edition #25 (31 July 2023)
Dear Subscriber, |
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The Launch of Malaysia's National Energy Transition Roadmap Part 1: Flagship Catalyst Projects and Initiatives |
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Malaysia, a country committed to sustainable development, is embarking on a transformative journey to reshape its energy landscape. Recognising the need for a bold and forward-thinking approach, Malaysia aims to reduce its reliance on fossil fuels and invest in clean, accessible, affordable, sustainable, and reliable alternative energy sources.
In pursuit of this vision, the Malaysian Government successfully launched Part 1 of the National Energy Transition Roadmap (NETR) on 27 July. This roadmap plays a critical role in guiding Malaysia through the complexities of a large-scale energy transition, facilitating the shift from a traditional fossil fuel-based economy to a high-value green economy.
The NETR is not merely a collection of interim measures to achieve Malaysia's Net Zero target; rather, it represents a paradigm shift in how the country views its economy, livelihoods, and global standing.
Part 1 of the NETR aims to capitalise on investment opportunities surpassing RM25 billion, generate 23,000 skilled and high-value job opportunities, and achieve a yearly reduction of 10,000 gigagrams of carbon dioxide equivalent emissions. The NETR's strategic focus revolves around six key drivers of the energy transition, namely energy efficiency (EE), renewable energy (RE), hydrogen, bioenergy, green mobility, and carbon capture, utilisation, and storage (CCUS).
By consolidating integrated efforts, the NETR will open a new chapter in Malaysia's national development narrative, positioning the country as a regional leader in the energy transition.
The World Economic Forum (WEF) has also recently recognised Malaysia's potential by placing it first in Southeast Asia in the Energy Transition Index. This acknowledgement confirms the country's ability to attract global investment in renewable energy and green technology to drive the energy transition.
To learn more about the roadmap, the flagship catalyst projects, and more, you can download a copy here: NETR Part 1
Stay tuned for Part 2 of the NETR in the coming weeks, which will present a comprehensive set of action plans and initiatives aimed at catalysing investments and fostering economic activities in the sustainable energy sector. |
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| Let's Welcome Azman Nasir as Chair of BMCC's Energy Committee |
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We are delighted to announce the recent appointment of Azman Nasir, Regional Director of EIC Asia Pacific, based in Kuala Lumpur as the Chair of the BMCC's Energy Committee. Azman is currently the Regional Director of the Energy Industries Council (EIC), (UK), a long-standing member of the BMCC. Since joining the EIC in 2014, he has played a pivotal role in establishing the KL Office and expanding EIC's presence in the region. |
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The BMCC Energy Committee is a platform for members to discourse, collaborate, and exchange information on opportunities, gaps, and business challenges while contributing to the development of sustainable energy solutions. Committed to advancing Malaysia’s energy industry in oil & gas, renewable energy, power, and utilities, the committee also aims to support Malaysia’s sustainable energy transition through collaboration with the government and industries in strategic areas. Currently, the committee is focused on advocating decarbonisation, hydrogen economy, carbon capture, and decommissioning, in line with the government's 2050 Net Zero Carbon aspiration.
With his vast 24 years of industry experience and knowledge in Malaysia and Asia Pacific, we trust in Azman’s leadership to drive effective collaboration and foster partnerships in advancing sustainable energy initiatives, in the interest of BMCC members. Once again, congratulations to Azman on his appointment and we have full confidence in his ability to lead the committee forward. |
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The Chamber would also like to take this opportunity to express our sincere gratitude to Brian Pye, the former Chair of BMCC’s Energy Committee and the Director, Energy Transition of Three60 Energy Group, for his leadership and contributions to the Energy Committee. |
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BMCC Members who are interested in joining our Energy Committee may contact Asyraf@bmcc.org.my. |
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| Malaysia Ranks First in Southeast Asia in WEF's Energy Transition Index |
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Malaysia has been recognised as the best country in Southeast Asia in the Energy Transition Index by the World Economic Forum (WEF) recently.
The index takes into account the system performance and the country's readiness to switch to more environmentally friendly energy sources.
According to Economy Minister Rafizi Ramli, this achievement shows that Malaysia is on the right track to manage a fast, safe and affordable energy transition.
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| ACCA | Sign Up and Get Exclusive Offer to the Technical Symposium 2023 |
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Themed “Embracing Sustainability in Financial Reporting, Tax, and Audit,” the virtual ACCA Technical Symposium 2023 will bring together experts to provide you with the latest and most important technical developments in corporate reporting, tax, and assurance to give you a comprehensive update within a day focusing on global and local developments in both Malaysia and Singapore.
Date: 21 September 2023 Time: 9.00 am - 5.00 pm CPD Points: 7.0 units
Exclusive Offer for BMCC Members: Take advantage of a 10% discount off the published public rate. Use the code "PartnerTS" during registration to enjoy this special offer. |
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| AstraZeneca | Committed To Planting and Maintaining 200 million trees by 2030 |
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AstraZeneca has announced a US$400 million investment in its global AZ Forest programme, raising its commitment to plant 200 million trees by 2030 and ensure their long-term survival.
The investment builds on AstraZeneca’s initial AZ Forest commitment, announced in 2020, to plant and maintain more than 50 million trees by the end of 2025 in recognition of the strong connection between healthy people and a healthy planet.
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| Malaysia Airlines | Now You Can Calculate and Offset Your Carbon Footprint |
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Malaysia Airlines is the first airline in Malaysia to launch a voluntary carbon offset programme.
The initiative enables individuals and corporate customers to calculate, understand, and offset the carbon emissions associated with their flights by supporting verified carbon offsetting projects when booking flights through the airline’s website.
The Carbon Offset Programme is implemented in collaboration with CHOOOSE, a leading climate tech company headquartered in Norway with partnerships around the world.
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| Charterhouse Malaysia | Celebrating Sustainable Fashion |
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Recently, the students at Charterhouse Malaysia turned their passion for sustainability into a stunning showcase. With recycled materials and creative flair, the students raised awareness about the fashion industry's impact. Kudos to the talented students and a supportive community! |
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| Knight Frank Malaysia | The Age of ESG: Futureproofing Corporate Real Estate with Sustainability |
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Knight Frank Malaysia recently published their second ESG whitepaper "The Age of ESG". This series aims to provide insights into the current state of ESG integration in the corporate real estate market, drawing responses from corporate occupiers, landlords and investors in the office sector.
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| Energy Industries Council | Asia Pacific Energy Conversations at Oil & Gas Asia 2023 |
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The EIC APAC Energy Conversations is proud to be the official conference partner of Oil & Gas Asia (OGA) 2023. The primary theme for this year’s conference is “Making The Energy Transition More Realistic”, and will focus on the topics of net-zero, decarbonisation, and clean energy solutions. The conference will be participated by key operators and EPCs in the region and is a platform to learn and expand one’s network.
Date: 13 – 14 September 2023 Venue: Hall 8C, Level 4, Kuala Lumpur Convention Centre
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| Ricardo Asia Ltd | Driving ASEAN's First EV and Hydrogen-Power Hub in Malaysia |
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Jinn Pinn Minn (JPM) Group and CETA Green Technologies have unveiled plans to develop the first-ever state-of-the-art electric vehicle (EV) and hydrogen-power test, development, and certification hub in ASEAN.
To turn this visionary project into a reality, JPM engaged global strategic, engineering, and environmental consultancy Ricardo Plc as the main technical delivery partner.
Dr. Leon Rosario, Ricardo’s Regional President, expressed enthusiasm about the opportunity to expand their presence in Malaysia and nurture local talent to support the growing ASEAN energy transition sector. The project is expected to provide a training platform for developing the Malaysian workforce in the electric vehicle technology space.
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Stay up to date with the Chamber’s latest news and activities through this newsletter or follow us on our social media platforms. |
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British Malaysian Chamber of Commerce Berhad 201801018075 (1280091-P) E04C0, 4th Floor East Block, Wisma Golden Eagle Realty, 142-B Jalan Ampang, 50450 Kuala Lumpur Copyright © BMCC 2022 |
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