KUCHING: Malaysia requires investments amounting to RM1.3 trillion to fully transition to clean and green energy by 2050, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
According to a news report by TVS, Fadillah said that the massive investment potential opens up vast opportunities for investors, thereby spurring the growth of green businesses and technologies.
“This investment opportunity is tremendous. However, what’s important is that it must be based on green and just energy,” he said during a discussion session held in conjunction with the International Energy Week (IEW) 2025 at Borneo Convention Centre Kuching (BCCK) here on Tuesday.
He said the green energy sector has already started creating significant employment opportunities, with more than 53,000 jobs generated nationwide so far.
Fadillah, who is also the Minister of Energy Transition and Water Transformation (PETRA), said that the unwavering commitment of both the federal and state governments in positioning Malaysia, particularly Sarawak, as a leading renewable energy hub in the region.
He noted that the move aligns with global efforts to address climate change and build a low-carbon economy for the future.
Sarawak is now recognised as one of the main contributors to the National Energy Transition Roadmap (NETR), leveraging its vast green energy resources such as hydro, hydrogen, bioenergy and solar.
“Sarawak is indeed one of the major contributors. Under NETR, our target is 70 percent green energy by 2050.
“Sarawak has already shown a significant contribution, with 70 per cent of its energy generated from green sources at the state level,” he added.
He further stated that Sarawak’s energy planning includes a target of connecting 60 per cent of its renewable energy to the grid, in line with the national vision and roadmap.
“The federal government also recognises Sarawak’s role and vision in making hydrogen a key energy generation option for the future.
“That is why Sarawak is now acknowledged as the national hydrogen development hub, and we fully support this initiative,” said Fadillah.
