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Energy policy shifts towards sustainable energy future for Malaysia
Authors:Puan Yatim  Mohd-Noor Mamat  Suhaiza Hanim Mohamad-Zailani  Shamshubaridah Ramlee
Affiliation:1.UKM-Graduate School of Business,Universiti Kebangsaan Malaysia,Bangi,Malaysia;2.College of Business Management and Accounting, Universiti Tenaga Nasional (UNITEN),Bandar Muadzam Shah,Malaysia;3.UM-Graduate School of Business,Universiti Malaya,Kuala Lumpur,Malaysia;4.School of Management, Faculty of Economics and Management,Universiti Kebangsaan Malaysia,Bangi,Malaysia
Abstract:As a developing country, Malaysia’s prosperity and welfare depends heavily on having access to reliable and secure supplies of energy. As a result, the country’s future energy requirements have become a policy priority in recent years. Energy is essential for human life, and a secure and accessible supply of energy becomes important for the modern societies. Fossil fuels such as coal, oil, and natural gas are currently the world’s primary energy sources and continue to provide energy source to the world. These energy sources have depleted in reserves in recent years and they can also cause irreparably damage to the environment such as global warming and climate change. These environmental concerns can be addressed, to some extent, through more sustainable solutions such as the use of renewable energy resources. In Malaysia, the economic and environmental impacts of fossil fuels use have become hard to ignore. The government has introduced and implemented policy measures to address concerns surrounding the use of fossil fuels and to promote energy efficiency and renewable energy use. In this paper, we review the historical evolution of Malaysian energy policies and initiatives designed to secure diverse energy sources and avoid over-reliance on fossil fuels. In recent years, Malaysia has been catching up with global call to shift to renewable energy use and is now putting a focus on renewable energy in its future energy mix. The paper also discusses challenges and concerns over the future of sustainable energy of the country.
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