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Our Facebook page link Our Twitter page link Our Instagram page link Our Tiktok page link Our Youtube page link About Us Advertise * Home * MALAYSIA * SINGAPORE * MONEY * WORLD * LIFE * EAT/DRINK * SHOWBIZ * OPINION * SPORTS * TECH/GADGETS * What You Think * * 精彩大马 * * ARCHIVES ABOUT US PRIVACY POLICY TERMS OF USE ADVERTISE * * * 精彩大马 * * Enter a word Most Read Malaysia / 7 h ago SITI KASIM SAYS SUSPECTED ‘BOMB’ FOUND UNDER HER CAR, DISPOSAL SQUAD CALLED IN Eat-drink / 15 h ago START THE DAY WITH GREEN VIBES, 'NASI DAGANG' AND FRIED TEMPEH AT AMPANG'S TGSK KUALA LUMPUR Malaysia / 15 h ago VOCAL CRITIC SYED SADDIQ SAYS STILL BACKING ANWAR ADMINISTRATION Malaysia / 7 h ago PM INVITES MALAYSIANS TO HADITH OF SAHIH AL-BUKHARI DISCOURSE TOMORROW World / 12 h ago BRITISH PRIME MINISTER SUNAK AVOIDS WIPEOUT IN KEY ELECTIONS Malaysia / 11 h ago SANUSI GIVES SAIFUDDIN NASUTION ONE WEEK TO SAY SORRY BEFORE FILING DEFAMATION SUIT Malaysia / 7 h ago IN FELDA DEBT TIT-FOR-TAT, ANWAR DEMANDS APOLOGY AND RM200M COMPENSATION FROM MUHYIDDIN Malaysia / 7 h ago POLICE: OBJECTS FOUND UNDER SITI KASIM’S CAR BELIEVED TO BE IED Malaysia / 18 h ago SURVEY: SIX IN 10 MALAYSIANS BELIEVE AI WILL REPLACE THEM AT WORK, BUT OVERALL MORE UPBEAT ABOUT ITS BENEFITS Showbiz / 11 h ago ACTRESS DIANA DANIELLE FILES NUSYUZ APPLICATION AGAINST HUSBAND FARID KAMIL Malaysia / 10 h ago AMID ANWAR-MUHYIDDIN SPAT, FAHMI FADZIL SAYS FELDA DEBTS ONLY PAID THIS YEAR Sports / 9 h ago TZE YONG, NUR IZZUDDIN-SZE FEI CRASH OUT OF KOREA OPEN Malaysia / 15 h ago MUHYIDDIN SAYS WILL SUE ANWAR OVER FELDA DEBT WRITE-OFF, INSISTS DOCUMENT PRODUCED IS ABOUT SUKUK Life / 16 h ago TESLA MODEL Y GETTING 10,000 BOOKINGS IN FOUR DAYS? TESLA MALAYSIA SAYS IT’S FAKE NEWS Money / 10 h ago REPORT: BIG PHARMACY TO BUY RIVAL CARING PHARMACY FROM 7-ELEVEN MALAYSIA IN RM900M DEAL Malaysia / 7 h ago SITI KASIM SAYS SUSPECTED ‘BOMB’ FOUND UNDER HER CAR, DISPOSAL SQUAD CALLED IN Eat-drink / 15 h ago START THE DAY WITH GREEN VIBES, 'NASI DAGANG' AND FRIED TEMPEH AT AMPANG'S TGSK KUALA LUMPUR Malaysia / 15 h ago VOCAL CRITIC SYED SADDIQ SAYS STILL BACKING ANWAR ADMINISTRATION Malaysia / 7 h ago PM INVITES MALAYSIANS TO HADITH OF SAHIH AL-BUKHARI DISCOURSE TOMORROW World / 12 h ago BRITISH PRIME MINISTER SUNAK AVOIDS WIPEOUT IN KEY ELECTIONS Malaysia / 11 h ago SANUSI GIVES SAIFUDDIN NASUTION ONE WEEK TO SAY SORRY BEFORE FILING DEFAMATION SUIT Malaysia / 7 h ago IN FELDA DEBT TIT-FOR-TAT, ANWAR DEMANDS APOLOGY AND RM200M COMPENSATION FROM MUHYIDDIN Malaysia / 7 h ago POLICE: OBJECTS FOUND UNDER SITI KASIM’S CAR BELIEVED TO BE IED Malaysia / 18 h ago SURVEY: SIX IN 10 MALAYSIANS BELIEVE AI WILL REPLACE THEM AT WORK, BUT OVERALL MORE UPBEAT ABOUT ITS BENEFITS Showbiz / 11 h ago ACTRESS DIANA DANIELLE FILES NUSYUZ APPLICATION AGAINST HUSBAND FARID KAMIL Advertisement Malaysia MALAYSIA PLANNING ENERGY EXCHANGE TO ENABLE SALE OF GREEN POWER TO NEIGHBOURS Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said that aside from expanding renewable energy, the country should also consider mini-scale hydropower as a viable option. — Picture by Miera Zulyana Follow us on Instagram, subscribe to our Telegram channel and browser alerts for the latest news you need to know. By Shathana Kasinathan Thursday, 20 Jul 2023 5:51 PM MYT KUALA LUMPUR, July 20 — Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad today said the country will establish an exchange mechanism to facilitate the export of renewable energy to neighbouring countries. He said work on the exchange was still at a preliminary stage with the Energy Commission, but details of the initiative would be presented to the government this year. “We will look at some of the available models and among the goals is to first secure enough RE to supply in the country and then ensure we get the best value for sales abroad and allow that value to be reinvested to boost the RE sector in Malaysia,” he said at the Malaysian Industrial Development Finance Bhd’s (MIDF) dialogue session on navigating the energy transition here today. He said that aside from expanding renewable energy, the country should also consider mini-scale hydropower as a viable option. “In the peninsula where our forest is quite fragmented, we should not look at large-scale hydro. Large-scale hydro is quite problematic for us to do because the trade-offs are just too large,” he said, adding that the Hydrogen Economy and Technology Roadmap, overseen by the Ministry of Science, Technology, and Innovation is nearing completion. To support the integration of renewable energy into the grid and ensure competitive pricing, he also emphasised the need for battery storage systems as these would play a pivotal role in stabilising the grid and enabling lower renewable energy prices. Discussing the possible implementation of a carbon tax here, he clarified that this would require comprehensive tax reforms to be in place first. “In terms of the carbon tax, the Ministry of Finance is taking the lead in that. I believe that eventually when we talk about achieving a net-zero carbon emission target by 2050, the tax has to play a role because there will be a price to pay for carbon,” he said. In May, Economy Minister Rafizi Ramli announced that Malaysia was lifting its ban on trading renewable energy to accelerate the country’s move towards sustainable and more environmentally friendly power. Advertisement YOU MAY ALSO LIKE Recommended by RELATED ARTICLES Malaysia / 1d ago NIK NAZMI: NATIONAL FRAMEWORK FOR SUSTAINABLE RARE EARTH MINING IN THE WORKS Malaysia / 14 Jul 2023 NIK NAZMI: NATURAL RESOURCES, ENVIRONMENT AND CLIMATE CHANGE MINISTRY DEVELOPING SOP RELATED TO RARE EARTH ELEMENTS Malaysia / 52 m ago HERE ARE THE BN CANDIDATES FOR THE SIX STATE ELECTIONS Advertisement JUST IN 52 m ago HERE ARE THE BN CANDIDATES FOR THE SIX STATE ELECTIONS 59 m ago A VOTE FOR PERIKATAN IS A VOTE TO BAN UMNO, SELANGOR PARTY CHIEF TELLS SUPPORTERS 1 h ago PROGRESSIVE WAGE MODEL NOT A SILVER BULLET IN RESOLVING MINIMUM WAGE, SAYS MALAY ECONOMIC ACTION COUNCIL Advertisement * News * * Malaysia * Singapore * World * Money * Life * Eat/Drink * * Showbiz * Opinion * What You Think * Sports * Tech/Gadgets * About * ARCHIVES * ABOUT US * PRIVACY POLICY * TERMS OF USE * ADVERTISE Download Subscribe to Newsletter Name Email Subscribe © 2021, Malay Mail, All Rights Reserved. ↑ WELCOME TO MALAY MAIL MALAY MAIL ASKS FOR YOUR CONSENT TO USE YOUR PERSONAL DATA TO: * perm_identity Personalised ads and content, ad and content measurement, audience insights and product development * devices Store and/or access information on a device expand_moreremove Learn more * How can I change my choice? * What if I don't consent? * How does legitimate interest work? * Do I have to consent to everything? 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