The green energy sector is able to attract foreign direct investment to Malaysia
KUALA LUMPUR: The green energy sector has great potential to attract more foreign direct investment (FDI) to Malaysia in line with the global commitment to sustainable energy sources.
Member of Parliament Dr Mohammed Taufiq Johari (PH-Sungai Petani) said the government should realize that world demand is now moving towards more environmentally friendly solutions.
Programs like RE100, where international companies pledge to use 100 percent renewable energy, can be a major driver for countries that are able to provide clean energy sources.
“This gives Malaysia an opportunity to become a leader in the green sector in the ASEAN region.
“Through an investment strategy that is aligned with environmental and social needs, the government can ensure fair economic growth and benefit future generations,” he said at the policy level debate session on the Supply Bill 2025 in the Dewan Rakyat on Monday.
In the meantime, Dr Mohammed Taufiq also called on the government to ensure that the economic measures implemented can support the growth of the ringgit consistently.
He suggested the government to improve fiscal policy and reduce dependence on imports, especially in relation to food.
“By reducing food imports, the government can give local farmers the opportunity to increase their production, thereby supporting the local economy and reducing import costs.
“I would also like to suggest that the government increase support for this sector through investment in ‘digital agricultural technology (DAT)’,” he added. – BERNAMA