He said this was to encourage the use of renewable energy to help the country achieve zero carbon emissions by 2050.

“The government will work with relevant parties to solve technical and cost-related challenges to advance the renewable energy industry,” he said during his speech at the launch of Gentari.

Gentari is an integrated and one-stop clean energy solutions provider, offering a range of renewable energy, hydrogen and green mobility solutions for commercial, industrial and retail customers.

Ismail said all policies related to the energy sector would also be reviewed, including the benefits of third party access (TPA) to the grid infrastructure.

The TPA system will allow multiple entities to have access to and utilise gas facilities in Malaysia.

Ismail also pointed out that the use of electrical vehicles (EVs) could accelerate the reduction of carbon emissions in the country’s transportation sector.

“To encourage the use of EVs, the government will develop a more comprehensive and long-term policy which includes additional subsidies and tax exemptions.”

Ismail also said Putrajaya was focusing on the use of hydrogen as an alternative source of energy which could be a game changer for the industry.

“Although it is a new industry, Petronas has already taken steps to explore this as a flexible medium in the transfer of energy across multiple sectors,” he said.

Ismail stressed that the development of green energy should be made a priority and not just an option in policy planning by the government moving forward.

“We cannot have a business as usual attitude if we want to successfully transition to sustainable energy,” he said.