KUALA LUMPUR: A bill on energy efficiency and conservation for a more comprehensive coordination and effective regulation by the Energy Commission will be tabled in the Dewan Rakyat next year, said Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan.
He said the ministry was in the process of preparing a draft of the bill which would strengthen the legal framework related to energy efficiency and conservation to ensure full involvement at various levels of institutions and organisations.
"Based on an analysis by the Energy Commission, implementation of the (proposed) Energy Efficiency and Conservation Act will be able to save energy consumption of 1,447 million giga joules or 258.4 million tonnes of carbon dioxide emissions.
"This is equivalent to a saving of RM71.24 billion for a period of 16 years," he said in his speech at the presentation of prizes to winners of the Energy Efficiency Challenge 2021 organised by the Energy Commission here today.
Takiyuddin said the implementation of the law would be able to create more than 1,500 jobs, including as energy managers, energy auditors and trainees for training institutions.
As of October this year, he said, the government had managed to achieve cumulative energy savings of 4.3 per cent through the National Energy Efficiency Action Plan (NEEAP) initiative compared to the initial target of 3.9 per cent for 2021.
He said the government had previously set a target of eight per cent reduction in electricity consumption by 2025, which is equivalent to 52,223 giga watt hours for a period of 10 years through the initiative.
The minister praised the Energy Commission's initiative which is committed to cultivating an energy efficient life among the young generation, especially school students, through the organisation of the competition which has now entered its seventh year.
Such energy efficiency programmes and initiatives should be given priority in supporting the country's development policies and aspirations, he added.
-- BERNAMA
Bernama
Tue Nov 30 2021
A bill on energy efficiency and conservation for more comprehensive coordination and effective regulation by the Energy Commission will be tabled in the Dewan Rakyat next year, said Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.