AMS | MRV Information Platform for ASEAN Region

Overview

Malaysia aims to reduce greenhouse gas (GHG) emissions by 45% by 2030 and achieve carbon neutrality by 2050. To achieve this goal, a national mid-term plan has been formulated every five years, and the 11th Malaysia Plan has set forth green growth. The 11th Malaysia Plan includes the goals of expanding green investment, securing natural resources, and establishing a sustainable finance framework. Malaysia has submitted its Nationally Determined Contribution (NDC) to the UNFCCC in 2021 to address climate change. As for future prospects, the country is considering both the promotion of renewable energy and the improvement of existing thermal power generation in cooperation with the private sector to reduce GHG emissions in the energy sector.

Development status

2022: 4th Biennial Update Report (BUR)
2021: Nationally Determined Contribution(NDC)
2018: National Communication3 (NC3)
1974: Environmental Quality Act

Law, decree, ordinance, etc

2018: Malaysia’s Roadmap Towards Zero Single-Use Plastics 2018-2030
2017: Green Techonoligy Master Plan 2017-2030
2016: National Energy Efficiency Action Plan (NEEAP)
2009: National Policy on Climate Change(NPCC)
2002: National Environmental Policy(NEP)
1974: Environmental Quality Act

Voluntary actions by non-state actors

the Malaysian Green Financing Taskforce (MGFT)

The Malaysian Sustainable Finance Initiative (MSFI) is an initiative by Capital Markets Malaysia (CMM) to support the Malaysian financial sector in further embracing the tenets of sustainable financing. MSFI is led by a Steering Committee which includes members representing stakeholder groups within the financial sector involved with financing green or sustainable projects.

https://www.msfi.com.my/initiatives-malaysian-green-financing-taskforce/

the Joint Committee on Climate Change (JC3)

To further pursue collaborative efforts in building climate change resilience within the Malaysian financial sector, the Joint Committee on Climate Change (JC3) was set up on 27 September 2019. The SC and Bank Negara Malaysia (BNM) co-chair the JC3 which comprises Bursa Malaysia and 19 other industry participants. The JC3 saw an urgent need to accelerate responses towards ensuring a smooth and orderly transition to a low-carbon economy.

https://www.jc3malaysia.com/

Malaysian Nature Society(MNS)

The Malaysian Nature Society (MNS) isMalaysia’s largest and oldest non-government environmental organisation.Our key role is to protect Malaysia’s natural heritage, especially ecologically sensitive landscapes. As a nation that is vigorously forging ahead in development, this is a key factor in addressing Malaysia’s current and future environmental challenges.

https://www.mns.my/

BCSD Malaysia

The Business Council for Sustainable Development (BCSD) Malaysia is an independent membership organization, formed by a group of forward-thinking companies committed to creating a sustainable future for business, society and the environment. BCSD Malaysia is a World Business Council for Sustainable Development (WBCSD) Global Network Partner.