Nik Nazmi: Malaysia committed to work with Asean in net zero journey

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Nik Nazmi: Malaysia committed to work with Asean in net zero journey
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KUALA LUMPUR: Malaysia is ready to work with other Asean countries, along with industrial players, financiers, and technopreneurs, for a holistic and ...

: Malaysia is ready to work with other Asean countries, along with industrial players, financiers, and technopreneurs, for a holistic and sustainable future for the region, said Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad.

“The remarkable Asean Spirit that has ensured peace and prosperity in most of the region thus far must now be turned towards addressing the future’s most existential challenges, namely climate change and the quest for a just energy transition,” he said in his keynote address at the AtoZero Asean Summit here today.

Nik Nazmi said by 2040, the Asean Centre for Energy estimates that carbon dioxide emissions could increase by as much as 147 per cent compared to 2017 levels. Nik Nazmi said in order to achieve its carbon-neutrality goals, Asean must bridge a 2.6 gigaton carbon dioxide gap. He also highlights that based on an analysis by the Boston Consulting Group, pursuing carbon neutrality could yield a GDP value-add of US$3.0-5.3 trillion by 2050, attract green investments of up to US$6.7 trillion, and generate over 60 million additional jobs.

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