KUALA LUMPUR: The Investment, Trade and Industry Ministry (MITI) supports the implementation of the Green Investment Strategy to attract green investment to Malaysia and catalyse sustainable socio-economic development.
MITI, as the Secretariat, will focus on efforts to attract green investment to help realise the target of net zero carbon emission as early as 2050, as outlined by the New Industrialisation Master Plan 2030 (NIMP 2030) and the National Energy Transition Roadmap (NETR).
"The implementation of the strategy will result to a more effective, orderly and systematic transition in Malaysia.
"Among the main targets are to attract almost eight times the amount of investment to Malaysia to achieve the objectives outlined in NIMP 2030 and NETR, ensure investment in seven low-carbon primary core, take advantage of foreign direct investment in green technology sector and improving the green investment ecosystem," said MITI minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
He said the objectives would be able to stimulate socio-economic growth in green industry; as well as creating new jobs and development skills in the green industry.
The strategy will be led by deputy prime minister Datuk Seri Fadillah Yusof, who is also the Energy Transition and Water Transformation minister.