Review of the Environmental Quality Act 1974
May 11, 2022Formulation of the RDICE Roadmap
May 11, 2022A Hydrogen Economy envisions hydrogen as a clean, low-carbon energy resource to meet the world’s energy needs, replacing traditional fossil fuels and forming a substantial part of a clean energy portfolio. Like all other renewable energies, hydrogen falls under the category of carbon neutral energy, but the inherent inclusivity of hydrogen makes it beneficial to industry players. Following that, MOSTI is developing a Hydrogen Economy and Technology Roadmap (HETR) to strategically position Malaysia in the highly lucrative global hydrogen ecosystem, where the global green hydrogen market has been projected to reach USD 189.19 billion in 2050. As strategic partner for this roadmap, ASM acts as the advisor to evaluate and analyse current policies, develop governance structure, and organise consultation meeting with experts and stakeholders.
The Hydrogen Economy is seen as a feasible solution to Malaysia’s economic struggles due to the tremendous economic potential brought about by the Global Hydrogen Ecosystem. Undoubtedly, hydrogen economy has the inclusivity to empower economic, environment, social well-being aligning to the 12th MP and the big agenda of Carbon Neutrality by 2050. This study is set for completion in June 2022.