- Malaysia-Japan sign 7 MoUs at AZEC for decarbonization, CCS.
- Focus on biofuels, transition finance; aligns with NETR 70% RE by 2050.
- EECA 2024, CCUS Act 2025 boost efficiency, regional hub status.
Malaysia and Japan inked seven Memoranda of Understanding (MoUs) to accelerate their decarbonization initiatives, emphasizing biofuels, transition financing, and carbon capture and storage, at the 3rd Asia Zero Emission Community (AZEC) Ministerial Meeting in Kuala Lumpur.
The meeting, co-chaired and hosted by the two countries, was a great opportunity to revive three interlinked areas: a fair transition to a low-carbon economy, clean transport and the use of green aviation fuel, and attracting transition finance, all in support of Malaysia’s energetic pathway.
MOSTI Chang Lih Kang commented, “Definitely cooperation for energy security, affordability, and sustainability is strengthened, which is in line with the energy resilience we aim for in Malaysia.” Besides that, the event was also graced by Muto Yoji, Minister of Economy, Trade and Industry, and Sharon S. Garin, Department of Energy Secretary, Philippines.
One of the most important MoUs consists of a joint operation agreement of CCS between the government of Malaysia and Japan’s METI, and a partnership of members of the Malaysia Rubber Council with a Japanese cloud services provider to enhance their operations.
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Moreover, Chang pointed out net-zero emission as a lifestyle goal with growth and affordability preserved through AZEC, which is in accordance with the vision for the ASEAN community in 2045 and the MADANI principles of Malaysia.
National Energy Transition Roadmap (NETR) of Malaysia that came out in 2023 is aimed at a 70% renewable energy target by 2050 with the help of solar, hydro, green hydrogen, and digital grids. The 13th Malaysia Plan envisages that the renewable share will be around 35% by 2030.
Among the recent milestones are the Energy Efficiency and Conservation Act (EECA) 2024 aimed at energy-efficient consumption across sectors and the Carbon Capture, Utilisation and Storage (CCUS) Act 2025, that will turn Malaysia into a regional CCS hub. These measures demonstrate Malaysia’s readiness for sustainable energy in the face of global decarbonization goals.