NETR expected to attract investments worth RM60.7b — ministry

NETR expected to attract investments worth RM60.7b — ministry

12 Jul 2024

The latest estimates of the effectiveness of the National Energy Transition Roadmap’s (NETR) flagship projects and initiatives show that the investments involved will be worth RM60.7 billion, instead of the initial projection of RM25 billion when the road map was launched on Aug 29 last year.

The Ministry of Economy said this is based on the March 2024 progress report, which also shows that 84,544 job opportunities would be created (development and post-project), compared with the initial forecast of 23,000 jobs.

Furthermore, the reduction in greenhouse gas emissions is now estimated at 24,264 gigagrams of carbon dioxide equivalent (Gg CO2eq) per year, compared with 10,000 Gg CO2eq per year that was initially forecast, the ministry said in a written reply posted on Parliament’s website on Thursday.

This was in response to Datuk Seri Dr Shahidan Kasim’s (Perikatan Nasional-Arau) request for a status report on the NETR and the New Industrial Master Plan 2030.

The ministry added that the government is committed to ensuring the energy transition management is based on the whole-of-nation approach encompassing the federal government, state governments, general public and international community, for a unified policy planning and implementation in balancing the energy trilemma of security, affordability, and sustainability.

“The effectiveness of the NETR implementation is expected to increase its contribution to national gross domestic product, create job opportunities, enhance the people’s socio-economic status, and ensure energy security and environmental sustainability,” the ministry added.

Source: Bernama