Jakarta: Malaysia's energy transition agenda should not be regarded as a burden; instead, it can open up opportunities to create quality jobs, empower small and medium enterprises (SMEs), and strengthen the nation's competitiveness, said Deputy Prime Minister Datuk Seri Fadillah Yusof. He emphasized that the transition presents a major opportunity for economic transformation through new investment avenues, the creation of high-value jobs, and the enhancement of local industries' competitiveness.
According to BERNAMA News Agency, Fadillah stated that Malaysia is committed to leading the energy transition agenda in a responsible and forward-looking manner. During the High-Level Panel on ASEAN Climate Diplomacy, he highlighted that this transition is not an option but a strategic necessity for the future of the country and the region. Fadillah, who is also Minister of Energy Transition and Water Transformation, stressed the importance of decarbonisation efforts that do not compromise supply security and affordability. He advocated for a balanced approach to the energy trilemma of sustainability, security, and cost.
Fadillah articulated that energy transition must be practical, gradual, and deliver direct benefits to the people and industry. He noted Malaysia's acceleration in renewable energy development, grid modernisation, and attracting new investments in the clean energy sector. At the ASEAN level, regional cooperation, such as cross-border electricity trading and the ASEAN Power Grid, is crucial. Fadillah asserted that collective efforts would turn the energy transition into a driver of growth and the region's economic future.
He further emphasized the need for strengthening grid interconnectivity, harmonising energy trade regulations, and expanding access to green financing. Fadillah outlined Malaysia's goals under the Nationally Determined Contributions, aiming to reduce carbon intensity by up to 45 per cent by 2030, with 37.12 per cent already achieved as of 2021. The target of achieving net-zero emissions as early as 2050 is being pursued through the National Energy Transition Roadmap and the Climate Change Bill.
As part of Malaysia's climate action efforts, Fadillah mentioned that over 137 million trees had been planted under the Greening Malaysia Programme. He expressed confidence that ASEAN can drive inclusive, secure, and sustainable growth for future generations by aligning national efforts with regional cooperation. The Deputy Prime Minister is currently on a three-day working visit to Jakarta, which began yesterday.