Summary of Malaysia's National Energy Transition Roadmap (NETR)

Navigating the transient stage

September 2023

The Government recently launched the National Energy Transition Roadmap (NETR), outlining Malaysia’s efforts towards achieving a sustainable and inclusive energy system.

The first part of the NETR has identified ten flagship catalyst projects based on six energy transition levers.

The second part introduces the Responsible Transition (RT) targets and expands on two critical parts:

The energy transition ambition and macro position
The five cross-cutting enablers

NETR is crucial in navigating the complexity of energy transition on a large scale, especially the shift from a traditional fossil fuel-based economy to a high-value green economy.

Takeaways for businesses:

Authenticity and the courage to be bold

Sustainability vision and goals need to be authentic and seamlessly integrated into an organisation’s business strategy, practices and culture.

Strategic trade-offs may be required

Leaders need to make important decisions that may require trade-offs. These trade-offs depend on your sustainability vision, mission and goals balanced with commercial perspectives.

Getting the timing right

The technologies required to enable energy transition may be reaching inflection point soon and different technologies are becoming available. A comprehensive strategic framework such as a capabilities-driven strategy is critical to remain competitive.

A cross-functional team for integrated sustainability implementation

Implementing sustainability in any organisation requires an effective cross-functional team as sustainability initiatives cut across multiple activities.

Holistic approach to the entire ecosystem

Achieving net zero requires a substantial commitment to transform various industrial models, via a comprehensive approach across the entire business ecosystem. A people-centered change management approach is essential during this intricate transition.

Just transition pathways

Energy transition requires a balance between environmental impact, commercial feasibility and the impact to all stakeholders. It should embed social inclusion, contribution to sustainable employment, and development of resilient communities.

Making the maths work

To fund the shift to cleaner energy, organisations must find the right mix of debt and equity financing. Currently, companies have varying investor value propositions, each with its own mix of growth, risk, and return. Businesses need to assess how to balance shareholder returns against energy transition investments.

Download PDF Summary of the National Energy Transition Roadmap (NETR)

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