ABB Malaysia Sdn Bhd has signed a Memorandum of Understanding (MoU) today with the Malaysian Green Technology and Climate Change Corporation (MGTC) to formalize their collaboration on energy efficiency.
R Narayanan, ABB Malaysia’s Country MD and Senior Vice President, Asia, ABB Motion Business Area; and Ts. Shamsul Bahar Mohd Nor, Chief Executive Officer, MGTC signed the agreement during a virtual event streamed on the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) platform, South East Asia’s largest trade event for green technologies and eco-solutions.
According to Shamsul Bahar, he says, “The signing of the MoU with ABB in Malaysia underpins our commitment to the nation’s sustainable future. By collaborating with technology leaders, we hope to broaden our range of strategies to reap the full potential of energy efficiency as a key element in the national energy policy framework.
“The MoU is a cornerstone in our commitment towards energizing the transformation of societies for a sustainable future. Energy efficiency has been regarded as the first fuel to combat climate change by the International Energy Agency.
“By building a collaborative ecosystem involving governments, investors, industries and businesses, we can influence the biggest shift to accelerate Malaysia’s clean energy revolution.”
MGTC is an agency under the purview of the Ministry of Environment and Water (KASA) mandated to drive the country’s green growth, climate change mitigation, and green lifestyle agenda.
The agreement comes at an important juncture given Malaysia’s renewed commitment towards achieving net-zero by 2050 at the United Nations Climate Change Conference (COP26).
It outlines areas for collaboration which includes awareness building; advocating the development of minimum efficiency standards for electric motors; engaging key stakeholders in knowledge sharing dialogues, and establishing partnership networks to help industries identify energy-efficient technology and solutions that deliver the greatest value.
Three national policies, particularly the National Green Technology Policy (NGTP), the National Climate Change Policy (NCCP), and the Green Technology Master Plan (GTMP), set out a coherent framework to drive the nation’s low-carbon future.
In joining the global initiative to combat climate change, Malaysia has pledged to reduce its greenhouse gas emissions intensity of GDP by 45 percent in 2030 based on 2005 emission levels.
