Laying the foundation for a just energy transition

The case is clear for a just energy transition, amid the regulatory push, the recent launch of the National Energy Transition Roadmap (NETR) and the evolving narrative around the private sector's pursuit of long term value creation. As dialogues progress around how Malaysia's energy transition can be accelerated in key economic sectors, it is evident that businesses play a crucial role in shaping a just energy transition. 

This publication by PwC Malaysia in collaboration with PETRONAS highlights the key opportunities and barriers to a just transition, synthesised from a series of roundtables on the way forward for Malaysia and the energy sector in pursuing the transition to an inclusive low carbon economy. 

A tailored approach to a just energy transition is recommended, taking into account the organisation's current state of maturity in the overall net zero journey. Businesses are encouraged to tailor their response in relation to a few key areas that were given focus at the roundtable series; enabling workforce and skills of the future, supply chain support, building resilient communities.

Collaboration and cooperation amongst key stakeholders, including government, business, financial institutions and members of civil society, are important to shape the success of an equitable energy transition.