At the SABC 2024 Side Program, a pivotal discussion took place focusing on climate change and sustainable development in Malaysia and the ASEAN region. The session featured YB Nik Nazmi Nik Ahmad, Malaysia’s Minister of Natural Resources and Environmental Sustainability, and was moderated by YBhg. Dato’ Johary Bin Anuar, Selangor Deputy State Secretary (Development) and Director of UPEN.
The programme highlighted Malaysia’s unwavering commitment to enacting climate legislation despite its relatively small share of global greenhouse gas emissions. The country aims to achieve net-zero emissions by 2050 and boost its renewable energy capacity to 70% by 2025. The discussion stressed the necessity of a dynamic and comprehensive national adaptation plan, emphasising the importance of policy coherence across essential ministries, including energy, water, and industry, to combat climate change effectively. Additionally, the need for targeted subsidies to support vulnerable populations while managing public response was underscored.
Minister Nik Nazmi outlined the importance of a selective approach when approving energy-intensive investments, such as data centres, by evaluating their sustainability and climate impact. The conversation highlighted the need for investments in clean energy sources, including nuclear and hydropower, and the exploration of micro-mobility solutions. Malaysia is encouraged to explore opportunities in clean energy and electric vehicles (EVs) to support its climate goals.
The session also addressed shared challenges among ASEAN nations, such as plastic pollution and climate change. It emphasised the region’s rich biodiversity and potential for sustainable economic growth. Singapore’s success in attracting sustainable investments was cited as a positive model for the region. The panel discussed the impact of globalisation on local industries, advocating for a balanced growth approach that considers both local and global factors.
YB Nik Nazmi also highlighted Malaysia’s active exploration of carbon credits in collaboration with state governments and the World Bank. However, he noted that addressing plastic waste and reforming fossil fuel subsidies must precede the implementation of a carbon tax.
The programme concluded with a strong call for comprehensive and coordinated efforts to address climate change and promote sustainable development both within Malaysia and across the ASEAN region. The importance of regional cooperation among developing countries to achieve these goals was emphasised.
This side programme, part of the SABC conference’s networking reception, was made possible through collaboration with JLL, a global leader in real estate and investment management. JLL, operating in over 80 countries, brings expertise in developing clean energy sourcing strategies and evaluating technology options to support ESG goals for international clients.
