Malaysia is set to position itself as Asean’s centre of electricity interconnection and integration to facilitate the sharing of renewable energy (RE) resources, encourage investment and promote sustainable development in the region, said Prime Minister Datuk Seri Anwar Ibrahim.
At the same time, Malaysia will continue to see natural gas ― one of the cleanest burning hydrocarbons ― as the core of its energy mix in its transition towards a low-carbon economy, Anwar said at his keynote address at the Energy Asia conference here.
“Investors and financiers will risk losing out in not turning towards Asia, which is endowed with vast amounts of natural resources, potential renewable energy and a growing population that is not averse to co-innovation and is increasingly appreciative of a green economy,” Anwar said during his opening speech at Energy Asia 2023 on Monday (June 26).
Anwar said that demand for energy in Asia, currently 75% is derived from hydrocarbons, is expected to double by 2030.