The Malaysian Investment Development Authority (Mida) had approved 4,230 green technology projects worth RM41 billion as of 2023, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.
He noted that the government's comprehensive 'whole-of-government' approach had yielded significant growth in green technology investment.
"This underscores Malaysia's potential in green technology investment. It has been noted that most approved projects are in the solar segment," he said during a question-and-answer session in the Dewan Negara on Tuesday.
He was replying to Senator Datuk Dominic Lau Hoe Chai's query regarding the government's strategic plan to enhance investment in green technology.
Liew said the government had enhanced the green technology incentive through a tiered approach to further incentivise such investment.
He elaborated that the incentive now encompasses a broader range of green investment activities, including green hydrogen, electric vehicle charging stations, and wind energy.
"This enhancement aims to spur both new and existing companies to invest, thereby advancing the goal of achieving a carbon-neutral country by 2050," Liew added.
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