By DayakDaily Team
KUCHING, July 16: A massive investment of RM1.3 trillion is required for Malaysia to achieve a full transition to clean and green energy by 2050, a move that opens vast opportunities for investors and accelerates the growth of green business and technology.
According to a TVS news report, Deputy Prime Minister Datuk Seri Fadillah Yusof emphasised this during a discussion session held in conjunction with the 6th International Energy Week (IEW) 2025 at the Borneo Convention Centre Kuching (BCCK) here yesterday (July 15).
“The investment potential is immense. But what is important is that it must be based on green and equitable energy,” said Fadillah, who also serves as Minister of Energy Transition and Water Transformation.
He revealed that the green energy sector has already begun creating significant job opportunities, with more than 53,000 positions generated nationwide to date.
Fadillah underscored the unwavering commitment of both the federal and Sarawak governments in positioning Malaysia, particularly Sarawak, as a regional hub for renewable energy.
This, he said, aligns with global efforts to combat climate change and build a low-carbon economy.
“Under the National Energy Transition Roadmap (NETR), our target is to reach 70 per cent green energy by 2050. Sarawak has already demonstrated substantial contributions, with 70 per cent of the State’s energy currently derived from green sources,” he added.
Fadillah noted that Sarawak’s energy development plan includes connecting 60 per cent of renewable energy to the national grid, in line with the country’s broader energy vision.
He also highlighted the federal government’s full support for Sarawak’s push to develop hydrogen as a future energy source.
“Therefore, Sarawak is now recognised as the national hydrogen development hub, and we fully support this initiative,” he said. — DayakDaily
