13MP: Green Economy Agenda Intensified, Priority To Environmental Sustainability
Prime Minister Datuk Seri Anwar Ibrahim, when tabling the nation's five-year plan in the Dewan Rakyat today, said the green economy will serve as a development model that prioritises environmental stewardship while creating new, sustainable economic opportunities.
As part of this effort, carbon trading will be streamlined through the introduction of the National Carbon Market Policy, the implementation of an Emissions Trading Scheme (ETS), and the provision of incentives for carbon credit projects.
'Apart from that, activities related to carbon capture, utilisation and storage (CCUS) will also be intensified and integrated into the nation's green investment and financing taxonomy,' he said.
The Prime Minister said the government will also launch a pilot carbon capture project in the iron and steel industry, specifically in Kemaman, Terengganu, as part of efforts to decarbonise heavy industry.
Abwar said that to support national decarbonisation goals across key sectors, green financing mechanisms will be expanded to provide broader access for industry players and project developers.
He also revealed that the government has drafted a Malaysian Aviation Sector Decarbonisation Roadmap, which outlines infrastructure development and the use of sustainable aviation fuel (SAF) to reduce carbon emissions from air travel.
In parallel, the government will optimise agricultural waste to drive a circular economy, turning biomass into new sources of value-added products.
'As such, the waste-to-energy plant programme will also be expanded through private sector collaboration to reduce the nation's reliance on landfills.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
42 minutes ago
- The Star
Education for children with disabilities: Inclusion, integration or segregation?
IT is heartening to see that the government has given more emphasis to persons with disabilities, both in Budget 2025 and the 13th Malaysia Plan (2026-2030), focusing on services for children with autism. However, we note that the policy plans for growing services for the education of children with disabilities are to segregate or integrate children but not to include them. We would like to reflect on these plans to highlight the need for services for children with disabilities in Malaysia to follow current international practice, best evidence and lived experience.
The Star
an hour ago
- The Star
Digital roadmap going strong
Promising outlook: Gobind speaking at the CloudTech & DataCentre Conference 2.0. — YAP CHEE HONG/The Star KUALA LUMPUR: Malaysia is well on track to becoming a regional hub for high-tech, environmentally sustainable data centres, with the 13th Malaysia Plan (13MP) providing key momentum to ongoing digitalisation efforts, says Gobind Singh Deo. The Digital Minister described 13MP as 'timely and critical' in strengthening Malaysia's role in the regional digital economy. He noted that plans include attracting investments, developing infrastructure, and nurturing talent to support the country's digital transformation. 'It complements the ongoing efforts by the Madani government as part of our digital transformation agenda. 'The goal is clear: for Malaysia to become a regional hub for high-tech, eco-friendly data centres,' Gobind said in his keynote address at the CloudTech & DataCentre Conference 2.0 recently. He emphasised that cloud infrastructure would be essential to Malaysia's 5G rollout, enabling transformative applications such as smart cities, precision healthcare and autonomous mobility. 'To unlock the true potential of 5G, we need ultra-low latency, secure and scalable data centres. We are not waiting for the future; we are actively building these capabilities now.' Gobind also revealed that between 2021 and 2023, Malaysia approved RM114.7bil in data centre and cloud service-related investments, creating more than 2,300 high-value jobs. He reaffirmed the government's commitment to achieving the RM3.6bil revenue target for the data centre industry by 2025. Gobind also addressed concerns about the environmental impact of data centres, acknowledging their energy-intensive nature. He assured the public that the government would improve its efforts to improve environmental sustainability. 'As our digital infrastructure expands, so must our commitment to environmental sustainability. It is not simply about lowering emissions but about raising our standards. 'This is why we must push for more green and sustainable infrastructure, such as by leveraging better energy efficiency practices, renewable energy and intelligent cooling technologies.' Gobind outlined three key pillars needed to build a future-ready digital ecosystem for the people, namely infrastructure, security and trust, and talent. 'Connectivity is where it all begins as once you have infrastructure like 5G in place, the next step is preparing the country to leverage new technologies, and that starts with data. 'To use data effectively, we need computing power and that's where building data centres are key,' he said. Touching on talent, Gobind stressed the need to go beyond just education at schools. He said in order for people to be able to adopt a new digital-based ecosystem, they must first be convinced of its safety. 'It's about awareness, training, upskilling and reskilling the current workforce so they can use new technologies to empower themselves,' Gobind added. He said this is especially true for jobs affected by artificial intelligence (AI), adding that those affected should be trained and ready to move to new areas if needed. Gobind expressed hope that the CloudTech & DataCentre Conference 2.0 would open new pathways for digital growth. 'Whatever we do must eventually benefit the rakyat and our beloved country,' he said. Organised by Star Media Group, the conference was held for two days from Aug 6, with the aim to bring national leaders in the data centre industry together to discuss the next digital step forward for the country. The event featured a host of speakers from various backgrounds, covering many topics over the future of AI in the data centre industry, among others. The gold sponsor of the conference was ABB Malaysia.
The Star
an hour ago
- The Star
CPO futures likely to dip amid output concerns
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower this week, amid expectations of higher production and stock levels. Palm oil trader David Ng said market sentiment is also expected to be dampened by recent sluggish export pace. 'Higher stockpiles create downward pressure on prices because there is more supply than the market needs at this moment. 'This week, we expect prices to trade between RM4,180 per tonne and RM4,300 per tonne with a downward bias,' he told Bernama. Meanwhile, Palm Oil Analytics co-founder and senior analyst Sathia Varqa said market participants will be closely monitoring the Malaysian Palm Oil Board's July supply and demand data, which is scheduled to be released today.
