Malaysia Changes Renewable Energy Goals and Export Ban Policy

The Malaysian government has lifted its ban on renewable energy exports, reached a consensus on a targeted renewable energy mix of 70%  by 2050, which would require an eleven-fold increase in renewable energy capacity from current capacity, and announced that it will allow for the development of self-contained renewable energy systems.

Experts expect that the lifting of the export ban on renewable energy, which had been in place since October 2021 under a previous administration, will spur the power sector to boost investments into renewable energy.

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