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Fireside chat with YB Nik Nazmi, Minister of Natural Resources and Environmental Sustainability (NRES) on 15^th December 2023 at Danfoss Malaysia Sdn. Bhd.,

On the 15th of December 2023, DanCham Malaysia, hosted an insightful fireside chat with YB Nik Nazmi Nik Ahmad, the Minister of Natural Resources and Environmental Sustainability (NRES) which was moderated by Dr. Ong Kian Ming, the engaging conversation delved into Malaysia’s commitment to achieving ambitious environmental goals.  Key points discussed included:

• Net Zero Emission Target

Minister YB Nik Nazmi underscored Malaysia’s commitment to becoming a net-zero-emission nation by 2050 and a low-carbon nation by 2040. This commitment aligns with Malaysia’s National Energy Transition Roadmap (NETR), which sets the stage for a comprehensive shift away from fossil fuels.

• Focus Areas for Emission Reduction

The Minister highlighted key sectors targeted for emission reduction, emphasizing a multifaceted approach. These sectors include:

• Energy Efficiency: Implementing measures to maximize energy efficiency across various industries.
• Renewable Energy: Increasing reliance on clean and sustainable energy sources.
• Green Hydrogen for Industries: Exploring innovative solutions such as green hydrogen to meet industrial needs.
• Bioenergy: Harnessing the potential of bioenergy sources for sustainable power generation.
• Green Mobility: Promoting eco-friendly transportation options.
• Carbon Capture: Developing strategies to capture and store carbon emissions.

• Challenges and Solutions:

Minister YB Nik Nazmi addressed the challenges associated with reducing subsidies and recalibrating costs for both industries and the general public.  He stressed the importance of a holistic approach, emphasizing the need for a well-formulated and implemented strategy to overcome these challenges.  This includes fostering collaboration between the government, industries, and the public.

The fireside chat provided a valuable platform for discussing Malaysia’s journey towards environmental sustainability.  Minister YB Nik Nazmi’s insights shed light on the nation’s commitment to a green future and the comprehensive strategies being employed to achieve the ambitious emission goals by 2040 and 2050.

The event, attended by members of DanCham Malaysia, Eurocham Malaysia, and other European Chamber colleagues, marks a significant step in fostering collaboration and understanding in the pursuit of a sustainable and environmentally conscious Malaysia.

Watch out for more activities organised by DanCham Malaysia in 2024.