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The future of Green technology in Malaysia

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According to MPDI, sustainable development means less environmental damage and is driven by comprehensive and all-encompassing policies, in national and international level to take into account the needs of future generations. Among these policies, several suggest employing green technologies.

Green technology defined

The definition from Investopedia, Green technology or the short form as green tech refers to a type of technology that is considered environmentally friendly based on its production process or its supply chain.

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Green technology can refer to clean energy production; clean energy production is the use of alternative fuels and technologies that do less damage to the environment than fossil fuels.

Green Technology is used to describe the use of technology and science to create products and services that are environmentally friendly. Green tech is related to cleantech, which specifically refers to products or services that improve operational performance while also reducing costs, energy consumption, waste, or negative effects on the environment.

The goal of green tech is to protect the environment, repair damage done to the environment in the past, conserve natural resources and preserve the natural resources.

The use of green tech can be a stated goal of a business segment or a company. These goals are typically outlined in a company’s environmental, sustainability, and governance (ESG) statement, or can even be found in the mission statement of a firm. Increasingly, socially responsible investors are looking to narrow down their prospective investments to only include companies that specifically employ or produce green technologies.

Examples of Green Technology

  • Recycling

Green technology is used in the recycling process. Recyclable material can be used when manufacturing plastics, fertilizer, and fuel. Green technology can also be a part of the production process, such as processes to recycle water or related to waste management.

  • Clean Water 

Green tech is used to purify the water resources. In some places where there are scarce water resources, green technologies can be applied to purify dirty water or remove salt from seawater in order to increase the availability of clean drinking water.

  • Clean Air

Green tech is used in processes that purify the air by reducing carbon emissions and gases that are released into the air.

  • Energy 

Green tech can be used in processes intended to conserve energy, and to create alternative fuel sources that are more environmentally friendly than fossil fuels. Fossil fuels create waste as a byproduct of their production. For example, solar, wind, and hydroelectric dams are green technology that are safer for the environment and don’t produce waste by-products. Besides the environmental benefits, these alternatives can also be used to power a home or a utility power plant.

Green technology in Malaysia

According to The Edge Market, “In 2015, Malaysia agreed to cut 45% of GHG emissions by 2030 in the Paris Agreement. The awareness about the problem is present and more players are participating in the industry now,” says Shamsul Bahar Mohd Nor, Malaysian Green Technology and Climate Change Centre (MGTC) CEO.

Overview of MGTC

Malaysian Green Technology and Climate Change Centre (MGTC) is an agency of the Ministry of Environment and Water (KASA) mandated to drive the country in the scope of Green Growth, Climate Change Mitigation and Green Lifestyle.

Three national policies, particularly the National Green Technology Policy (NGTP), the National Climate Change Policy (NCCP) and the Green Technology Master Plan (GTMP), regulated MGTC’s role as a catalyst for green economic growth.

MGTC implements initiatives and programs that provide specific details in achieving the long -term impact of the Nationally Determined Contribution (NDC) to reduce the intensity of greenhouse gas emissions by 45% based on Gross Domestic Product (GDP) compared to the intensity of emissions in 2005 by 2030, increasing the rate GDP from green technology of RM100 Billion and the generation of 230,000 green jobs.

MGTC performs 3 roles as follows:

  1. Mainstreaming the Green Economy through green product and service expansion programs such as the MyHIJAU Mark Certification Program. The Green Technology Financing Scheme (GTFS) & Green Technology Investment Tax Exemption (GITE) as well as training and human capital development schemes.
  2. Drive climate change mitigation actions such as advocacy for energy efficiency and renewable energy, low carbon urban programs and low carbon mobility
  3. Cultivate a green lifestyle through publicity and awareness programs in fostering cooperation between the government and private sectors in the global-scale platform such as International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) program and other public programs physically or through social media.

Source from MGTC

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