Latest news with #AkmalNasrullahNasir
Daily Express
10 hours ago
- Business
- Daily Express
Consider nuclear energy to meet 2050 net zero target, says deputy minister
Published on: Tuesday, June 17, 2025 Published on: Tue, Jun 17, 2025 By: FMT Reporters Text Size: Deputy energy transition and water transformation minister Akmal Nasrullah Nasir said although nuclear energy was not renewable, it was a clean source of energy. (Bernama pic) PETALING JAYA: Malaysia must take another look at the possibility of adopting nuclear energy to achieve its net zero carbon emissions target by 2050, says deputy energy transition and water transformation minister Akmal Nasrullah Nasir. 'We need to maintain the affordability, sustainability and security of our energy supply. How are we going to replace our base load? Advertisement 'Nuclear energy is not considered to be renewable, but it is a clean source of energy. If you ask me, I think we may not achieve net zero by 2050 without nuclear energy,' Bernama reported him as saying". Akmal was speaking as a panellist at a dialogue session entitled 'Delivering Malaysia's Energy Transition' at the Energy Asia 2025 conference in Kuala Lumpur today. Launched in 2023, the National Energy Transition Roadmap aims to achieve 70% renewable energy in the energy mix by 2050, with solar and hydro energy at the forefront and natural gases serving as transition fuels. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Free Malaysia Today
12 hours ago
- Business
- Free Malaysia Today
Address RON95 subsidy cut before carbon tax, says Amir Hamzah
Finance minister II Amir Hamzah Azizan said Malaysia must address the issue of fuel subsidies, particularly involving the energy sector. PETALING JAYA : The government will prioritise the rationalisation of RON95 petrol subsidies this year before introducing a carbon tax in 2026, says finance minister II Amir Hamzah Azizan. Speaking at a forum today, he said Malaysia must first address the issue of fuel subsidies, particularly involving the energy sector. 'We must ensure that no unintended consequences are embedded in our system. While (the carbon tax) is scheduled for rollout by 2026, there are important precursor steps we must take. 'A key objective now is to begin scaling back subsidies (to the energy sector). It doesn't make sense to impose taxes on one side and simultaneously provide subsidies for petrol, diesel, and other fuels,' Bernama reported him as saying. Amir Hamzah was speaking at a session titled 'Delivering Malaysia's Energy Transition' where he was a panellist alongside deputy energy transition and water transformation minister Akmal Nasrullah Nasir. The session was chaired by Abdul Wahid Omar, a senior independent and non-executive director of IOI Corporation Bhd. The government previously announced plans to roll out a carbon tax targeting the iron, steel, and energy industries by 2026, as outlined in Budget 2025. Amir Hamzah also emphasised that subsidy rationalisation is a critical step toward establishing a strong foundation for building sustainable mechanisms and policy frameworks. 'As a result, we can expect the introduction of structured measures, including climate action frameworks, robust measurement tools and ultimately the implementation of a carbon tax to support these initiatives. 'If we want this transition to be sustainable and impactful, the entire system must respond. It cannot be driven by isolated announcements or standalone policies. The challenge for the government is to tie everything together coherently and effectively,' he said. Yesterday, Prime Minister Anwar Ibrahim said adjustments to the price of RON95 petrol would not affect 85% to 90% of the population. He said the government's move towards subsidy rationalisation is a critical step to ensure national resources are channelled effectively to benefit the lower-income group.
