Malaysia on path to be regional RE leader with the launch of HETR

The Star

Malaysia’s Hydrogen Economy and Technology Roadmap (HETR) has been launched, propelling the country to the forefront of the energy transition and towards becoming a regional leader in the renewable energy (RE) industry.  Deputy Prime Minister Datuk Seri Fadillah Yusof launched the HETR during the opening ceremony of the 14th International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM 2023) on Thursday (Oct 5) in Kuala Lumpur.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 I am delighted to be here today to launch the International Green Tech and Eco-Products

00:17 Exhibition and Conference Malaysia or IGEM 2023.

00:22 We are very grateful to have in our midst today climate exchange leaders and visionaries

00:30 assembled here at IGEM 2023 with the theme "Race towards Net Zero - Leadership for Climate

00:39 Action".

00:40 IGEM 2023 is seamlessly integrating exhibitors that demonstrate game-changing technology,

00:48 hosting insightful conferences, business matching sessions with participation from leading countries,

00:56 high-profile visitors and several concurrent site events into a singular platform.

01:03 Without a doubt, IGEM 2023 will play a decisive leadership role in accelerating and delivering

01:10 the region's net zero and just energy transition agenda.

01:16 In addition to the domestic transition, we are also taking on a regional role with the

01:23 implementation of initiatives under the recently unveiled National Energy Transition Roadmap

01:29 or NETR and the Hydrogen Economy and Technology Roadmap, HETR.

01:36 Malaysia is said to be at the forefront of becoming a regional leader in the energy transition

01:42 and renewable energy industry.

01:45 The implementation of NETR with its six energy transition levers and five enablers is expected

01:52 to uplift Malaysia's GDP value from RM25 billion in 2023 to RM220 billion and generate 310,000

02:03 jobs in 2050.

02:06 While the successful implementation of the HETR is poised to enable Malaysia to tap into

02:11 the global green hydrogen market, estimated to be worth at least US$189.19 billion, which

02:21 is equivalent to RM829 billion by 2050.

02:26 HETR implementation alone is anticipated to have prospects of generating up to RM12.1

02:34 billion in revenue with an estimated contribution of between RM49 billion and RM69 billion to

02:43 gross domestic product by 2030, generating over 45,000 job opportunities over the same

02:51 period.

02:59 For more information visit www.fema.gov.uk/coronavirus/heterogeneity/heterogeneity-renewables-and-energy-transition-roadmap.

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