The latest estimates on the National Energy Transition Roadmap (NETR) flagship projects reveal that the total investments will amount to RM60.7 billion, significantly higher than the initial projection of RM25 billion announced at the roadmap's launch on August 29, 2023.
According to the Economy Ministry's progress report for March 2024, the updated figures also show a substantial increase in job creation. The projects are expected to generate 84,544 job opportunities, both during development and post-project, compared to the initial forecast of 23,000 jobs.
The reduction in greenhouse gas (GHG) emissions is now estimated to reach 24,264 gigagrams of carbon dioxide equivalent (Gg CO2eq) per year, a considerable increase from the initial estimate of 10,000 Gg CO2eq per year.
The ministry provided this information in a written response posted on the Parliament website on Thursday, addressing a request from Datuk Seri Shahidan Kasim (PN-Arau) for a status update on the NETR and the New Industrial Master Plan 2030 (NIMP 2030).
The ministry emphasised the government's commitment to a holistic approach in managing the energy transition. This approach involves collaboration between the Federal Government, state governments, the general public, and the international community to ensure effective policy planning and implementation.
"The successful implementation of NETR is expected to boost the national gross domestic product, create job opportunities, improve socioeconomic conditions, and enhance energy security and environmental sustainability," the ministry added.
