Green investment strategy expected to boost Malaysian economy

The Malaysian Investment, Trade and Industry Ministry (MITI) supports the implementation of the Green Investment Strategy to attract green investment to the country and catalyse sustainable socio-economic development, Minister Zafrul Abdul Aziz said on July 17.

Malaysian Investment, Trade and Industry Minister

The ministry will focus on efforts to attract green investment to help realise the target of net zero carbon emission as early as 2050, as outlined by the New Industrialisation Master Plan 2030 (NIMP 2030) and the National Energy Transition Roadmap (NETR).

The implementation of the strategy will result to a more effective, orderly and systematic transition in Malaysia.

Among the main targets are to attract almost eight times the amount of investment to Malaysia to achieve the objectives outlined in NIMP 2030 and NETR, ensure investment in seven low-carbon primary core, take advantage of foreign direct investment in green technology sector and improving the green investment ecosystem, he added.

He said the objectives would be able to stimulate socio-economic growth in green industry, as well as creating new jobs and development skills in the green industry./.

VNA

• Singapore approves RSV vaccine for people aged from 60 (19/07)
• Conflict with Hamas takes toll on Israel's economy (17/07)
• Bad debts in housing hinder Thailand's economic growth​ (17/07)
• Efforts made to promote digital payment integration in ASEAN (16/07)
• KPL praises President To Lam's visit as boost to bilateral ties (15/07)
• Thailand’s consumer confidence slips in June (12/07)
• Indonesia considers easing bauxite export ban (11/07)