Green Technology Master Plan Aims for RM180b Revenue
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KUALA LUMPUR, Oct 12 â€” The Green Technology Master Plan (GTMP) aims to boost the growth of Malaysia's green technology sector, with targeted revenue of RM180 billion, while creating more than 200,000 green jobs by 2030.
The plan outlines Malaysia's green technology strategy to create a resource-efficient, low-carbon footprint economy.
Energy, Green Technology and Water (KeTTHA) Minister, Datuk Seri Maximus Johnity Ongkili, unveiled the master plan at the 8th International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM 2017) here today.
"The GTMP lays the foundation for a holistic shift in Malaysia's approach to socio-economic development while adhering to the principles of sustainability.
"It outlines the action plan and initiatives that cut across six major sectors â€” energy, manufacturing, building, transport, waste and water" he said in his speech before launching the IGEM 2017.
The three-day conference, themed 'Powering Green Cities', started on Wednesday, 11 October. It is helmed by KeTTHA and co-organised by Malaysian Green Technology Corporation (GreenTech Malaysia).
It features 350 booths from 20 countries and is set to attract over 25,000 visitors, with the aim of generating RM1.6 billion in business leads for the green industry.
Ongkili said IGEM 2017 was set to surpass its initial business leads target, as the event had recorded RM700 million in business leads through business-matching programmes and strategic partnerships during the first day of the conference.
Several strategic partnerships were forged at IGEM 2017, including a tripartite agreement between Petronas Dagangan Bhd, TNB Energy Services Sdn Bhd (wholly-owned subsidiary of Tenaga National Bhd) and GreenTech Malaysia to boost the electric-charging stations network nationwide as well as the signing of a memorandum of understanding between Prasarana Malaysia Bhd and GreenTech Malaysia for the development of Prasarana's sustainability blueprint.
Ongkili said the GTMP provided guidelines, road map and a consistent framework to align the strategic goals of stakeholders across the country.
"It would enable a concerted national effort that would leverage on green technology to balance the need for economic growth against the necessity of safeguarding the environment" he said at a press conference later.
He said through the combined efforts and expertise of the public and private sectors, the GTMP would deliver an impactful long-term result, cementing Malaysia's position as a forerunner in the global green movement in line with the National Transformation 2050 aspirations.