Malaysia updates 10-year energy policy

Malaysia has renewed its 10-year National Energy Efficiency Action Plan, extending it until 2035, with the goal of achieving financial savings of up to 21.5 billion dollars and reducing energy consumption by 11.6%. The plan also includes cutting carbon emissions by approximately 26.1 million metric tons. This follows a previous plan that exceeded its targets, including savings of about 16.1 billion Malaysian Ringgit ($3.9 billion) between 2016 and 2025, with a focus on promoting sustainability amid rising electricity demand driven by a boom in data centers and technological investments. Additionally, Malaysia enacted a law in 2023 requiring the largest energy consumers to implement measures to conserve energy and reduce emissions, aiming toward net-zero emissions by 2050.

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