The 14th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2023), targeting RM4 billion in business leads and 40,000 visitors from 40 countries, was officiated today (October 5) by YAB Dato’ Sri Haji Fadillah Haji Yusof, the Deputy Prime Minister on behalf of YAB Dato’ Seri Anwar Ibrahim, the Prime Minister of Malaysia, in the presence of cabinet ministers, ambassadors, international delegates and other dignitaries.
Organised by the Ministry of Natural Resources, Environment and Climate Change (NRECC) and co-organised by the Malaysian Green Technology and Climate Change Corporation (MGTC), IGEM 2023, Southeast Asia leading trade event for green technologies and eco solutions, has an impressive track record of having delivered RM41 billion in business leads, over 530,000 visitors from over 112 countries since 2010.
Referring to the Prime Minister’s speech YAB Dato’ Sri Haji Fadillah bin Haji Yusof said, “Transitioning to a net-zero world calls for nothing less than a complete transformation of how we produce, consume, and move about.
A growing coalition of countries, cities, businesses, and other institutions are pledging to get to net-zero emissions. More than 70 countries have set a net-zero target.”
“Without a doubt, IGEM 2023 plays a decisive leadership role in accelerating and delivering the region’s Net Zero and just energy transition agenda. There are enormous opportunities to steer us to sustainability while ensuring robust economic and social progress. Something that is exemplified in the Malaysia Madani way of life that my government is strongly advocating and adopting,” he added.
During the opening ceremony, YAB Dato’ Sri Haji Fadillah bin Haji Yusof unveiled the much awaited Hydrogen Economy and Technology Roadmap, to unlock the prospect of harnessing a new energy carrier and the knock-on economic effects it would bring.
Fadillah, who delivered the opening keynote address on behalf of Prime Minister Datuk Seri Anwar Ibrahim, said the successful implementation of the HETR will enable Malaysia to tap into the global green hydrogen market, estimated to be worth at least US$189.19 billion (RM824 billion) by 2050.
The HETR implementation alone is anticipated to have prospects of generating up to RM12.1 billion in revenue with an estimated contribution of between RM49 billion and RM61 billion to gross domestic product by 2030, generating over 45,000 job opportunities over the same period.
“With the implementation of initiatives under the recently unveiled National Energy Transition Roadmap (NETR) and (now) the HETR, Malaysia is set to be at the forefront of becoming a regional leader in the energy transition and renewable energy industry,” he said at the launch of IGEM 2023.
Additionally, Leader Energy signed a strategic partnership with BASF Stationary Energy Storage GmbH, to promote the development of long-duration energy storage projects in Southeast Asia, having already identified 8 LDES projects with a total estimated value of RM1.8 billion.
Furthermore, during the opening ceremony, Tenaga Nasional Berhad unveiled the Malaysia Green Attribute Trading System, or mGATS, as a national marketplace for Malaysia Renewable Energy Certificates (mREC), as part of the Government’s efforts to further propel the RE sector.
Delivering the welcoming remarks, Minister of Natural Resources, Environment and Climate Change, YB Nik Nazmi Nik Ahmad said “Having had the opportunity yesterday to personally meet with some of the delegates, visit the exhibition floor and take part in some of the conference sessions, it is clear to me that IGEM’s role as one of ASEAN’s leading trade events for green tech and eco products remains as relevant today as it was when its doors first opened in 2010.”
Referring to the Prime Minister’s speech YAB Dato’ Sri Haji Fadillah bin Haji Yusof said “Transitioning to a net-zero world calls for nothing less than a complete transformation of how we produce, consume, and move about. A growing coalition of countries, cities, businesses, and other institutions are pledging to get to net-zero emissions. More than 70 countries have set a net-zero target.”