Malaysia will establish a National Energy Transition Facility (NETF) with an initial seed fund of RM 2 billion (USD 431m) to support energy transition projects, Prime Minister Anwar Ibrahim said at an energy transition conference organised by Tenaga Nasional Berhad. At the conference, Anwar Ibrahim launched the second phase of the National Energy Transition Roadmap (NETR). NETR outlines 50 initiatives under the six energy transition levers and five enablers, which are financing and investment, policy and regulation, human capital and just transition, technology and infrastructure, and governance and implementation. The NETR estimates Malaysia’s energy transition financing needs at between RM 1.2 trillion and RM 1.3 trillion by 2050.

Source: Renewables Now