The Ministry of Science, Technology, and Innovation (MOSTI) in Malaysia has set ambitious goals to become a major player in the production of green hydrogen. With plans to produce two million tons of hydrogen annually, scaling up to 16 million tons by 2050, Malaysia aims to support the decarbonization of key sectors, reduce greenhouse gas emissions, and contribute to tackling climate change.
Science, Technology, and Innovation Minister Chang Lih Kang highlighted the country’s commitment to transitioning away from fossil fuels and towards green hydrogen in his keynote speech. Malaysia plans to phase out fossil-fuel-based grey hydrogen in the short term and transition towards green hydrogen in the long term. In the meantime, blue hydrogen will play a crucial role by leveraging existing fossil fuel infrastructure and incorporating carbon capture technology to reduce emissions.
While the transition to green hydrogen poses challenges, such as the current higher cost compared to traditional fuels, Malaysia believes it’s time to redirect energy subsidies towards renewable sources like hydrogen. The government plans to offer financial incentives, such as Green Investment Tax Allowances and Green Income Tax Exemptions, to accelerate the adoption of green hydrogen projects.
The successful implementation of Malaysia’s Economy and Technology Roadmap (HETR) will position the country to tap into the growing global market for green hydrogen. The HETR projects potential revenues of at least RM905 billion by 2050.
To support the development of the hydrogen economy, Malaysia is working closely with international partners, such as the United Nations Industrial Development Organization (UNIDO), on the Global Clean Hydrogen Programme. Collaboration with companies like PETRONAS and NanoMalaysia will further enhance Malaysia’s capabilities in the production and utilization of green hydrogen.
Furthermore, plans are underway to make Fuel Cell Electric Vehicles more affordable through subsidies and tax exemptions. The government is also exploring financing mechanisms and capacity-building programs to support hydrogen infrastructure and projects.
With its dedicated roadmap and collaborative efforts, Malaysia aims to become a leader in sustainable energy solutions, positioning itself at the forefront of the green hydrogen revolution.
FAQ:
1. What are the goals of Malaysia’s Ministry of Science, Technology, and Innovation (MOSTI)?
– MOSTI aims to become a major player in the production of green hydrogen, with plans to produce two million tons of hydrogen annually, scaling up to 16 million tons by 2050.
2. Why is Malaysia transitioning towards green hydrogen?
– Malaysia aims to support the decarbonization of key sectors, reduce greenhouse gas emissions, and contribute to tackling climate change.
3. What is the role of blue hydrogen in Malaysia’s transition?
– Blue hydrogen will play a crucial role as an intermediate step, leveraging existing fossil fuel infrastructure and incorporating carbon capture technology to reduce emissions.
4. What challenges does the transition to green hydrogen pose?
– The current cost of green hydrogen is higher compared to traditional fuels. However, Malaysia believes redirecting energy subsidies towards renewable sources like hydrogen is necessary.
5. What financial incentives are being offered to accelerate the adoption of green hydrogen projects?
– The government plans to offer financial incentives such as Green Investment Tax Allowances and Green Income Tax Exemptions.
6. How will Malaysia tap into the global market for green hydrogen?
– The successful implementation of Malaysia’s Economy and Technology Roadmap (HETR) projects potential revenues of at least RM905 billion by 2050.
7. Who are Malaysia’s international partners in developing the hydrogen economy?
– Malaysia is working closely with international partners such as the United Nations Industrial Development Organization (UNIDO) on the Global Clean Hydrogen Programme. Collaboration with companies like PETRONAS and NanoMalaysia is also taking place.
8. What efforts are being made to support the development of hydrogen infrastructure and projects?
– Plans are underway to make Fuel Cell Electric Vehicles more affordable through subsidies and tax exemptions. The government is also exploring financing mechanisms and capacity-building programs.
9. What is Malaysia’s aim in the sustainable energy sector?
– Malaysia aims to become a leader in sustainable energy solutions and position itself at the forefront of the green hydrogen revolution.
Key Terms/Jargon:
– Green Hydrogen: Hydrogen produced through renewable sources like electrolysis using renewable electricity.
– Grey Hydrogen: Hydrogen produced from fossil fuels without carbon capture technology.
– Blue Hydrogen: Hydrogen produced from fossil fuels with carbon capture technology.
Related Links:
– Ministry of Science, Technology, and Innovation (MOSTI)
– United Nations Industrial Development Organization (UNIDO)
– PETRONAS
– NanoMalaysia