Use of EVs in large-scale events in Malaysia expected to reduce greenhouse gases, fuel subsidies – PM
The use of electric vehicles at large-scale events in the country has been discussed, with the aim of being a catalyst for the development of the electric vehicle ecosystem in the country, as well as for the effective reduction of greenhouse gas emissions, said Malaysian prime minister Datuk Seri Ismail Sabri Yaakob according to Bernama.
Incorporating the use of electric vehicles has the potential to attract foreign investment, create green jobs as well as reduce fuel subsidies from the government, the prime minister was reported as saying. The meeting also found agreement with the carbon market policy framework developed by the ministry of environment and water (KASA), which provides basic guidance for carbon credit transactions in Malaysia, he said.
“The framework emphasises the importance and advantages of carbon credit transactions at the domestic level to ensure the carbon market mechanism is implemented transparently, thus meeting international standards and contributing to the country’s greenhouse gas emissions reduction target,” the prime minister said.
According to the report, KASA is currently developing the Long-Term National Low Carbon Development Strategy that is in line with the government’s aspiration towards achieving net zero carbon emissions in 2050 at its earliest.
The Malaysian government’s commitment and efforts towards the climate change agenda will also continue through the country’s participation in the 27th United Nations Framework Convention on Climate Change in Egypt which takes place this November, and the Malaysian delegation will be led by the prime minister.
Last week, transport minister Datuk Seri Wee Ka Siong said that new policies are needed in Malaysia in order to address various issues before the electric vehicle sector can flourish. The transport minister’s statement came after receiving a courtesy call from AlphaESS CEO and co-founder Alfred Wang earlier last week, where both parties exchanged views on EV development both in Malaysia and worldwide.