Overview of Sustainable Industry in Malaysia. - 655 Words

Overview of Sustainable Industry in Malaysia. The 2014 was a huge success to government which a total 396.61MW of renewable energy approved by the Sustainability Energy Development Authority and its represent a total 466% year-on-year growth. The increase of the renewable energy represent years of planning and execution by relevant authorities to regulate and draft policies that suits Malaysian environment. As sustainable industry and climate change are interrelated, often the regulation and policies are overlapped. The Malaysian governement acknowledge the importance of government’s role in reducing climate change, therefore the history of Malaysian government in regulating the policies can be traced back as far as 1992. Below are†¦show more content†¦Two years later, Malaysian government had introduced the Renewable Energy Act 2011 to provide for the establishment and implementation of a special tariff system to catalyse the generation of renewable energy and to provide for related matters. This new regulation demonstrated Malaysian government is actively regulating and promoting renewable energy as part as climate change initiative. The Renewable Energy Act 2011 also introduced a new industry to Malaysia which is the renewable industry and since then it has become a vital role, not so much because of economic scale, but rather as responsible government for sustainable future, In the same year, the Malaysian government had set-up Sustainable Energy Development Authority (SEDA) under the Sustainable Energy Development Authority Act 2011. The main purpose of SEDA is to play its role as the focal point and advisor to the Minister with regards to sustainable energy and climate change in Malaysia. The Malaysian Tenth Plan (10th MP) has explicitly strategy on government plan for climate change and sustainable industry. Under the Thrust Four: Improving the Standard and Sustainability of Quality Of Life, there are 2 chapters on climate change and sustainable industry which are: 1. Chapter 3: Ensuring Effective Sourcing and Delivery of Energy 2. Chapter 6: Developing a Climate Resilient Growth Strategy. This is another clear example where government put the interest of climate change andShow MoreRelatedLeading on from the National Biotechnology Policy in Malaysia947 Words   |  4 Pagesvi. Malaysia Leading on from the National Biotechnology Policy and its nine thrusts, Malaysia’s Bioeconomy Transformation Programme (BTP) intensifies the nation’s transformation to a global high-income country. â€Å"The National Biotechnology Policy was launched in 2005; its nine thrusts include 1. Agricultural: Enhance the value creation of the agricultural sector, 2. 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