The minister says it would cost Malaysia RM180 billion to meet its net-zero commitments by 2050, adding that it is not feasible to place the burden of such costs on the people.
In May, the government lifted the ban on renewable energy exports with the aim of improving the country’s policy on the green economy.
“On that basis, only by selling not all, but a portion of renewable energy, and using the premium paid by Singapore, which is trying to purchase from Australia, Cambodia, Sarawak and Indonesia, we can then invest in the grid and implement better initiatives for our own consumers,” he told the Dewan Rakyat in his winding-up speech on the Energy Efficiency and Conservation Bill 2023.
He asked why the government intended to sell Malaysia’s renewable energy to others when the country is in need of the same.
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