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The Malaysian Fifth Fuel Policy: Re-strategising the Malaysian Renewable Energy Initiatives

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  • Maulud, A.L.
  • Saidi, H.

Abstract

The power industry is the most crucial and strategic sector for any country to achieve its vision. Due to the fast depletion and high cost of fossil fuel, this is now a threat to sustainable growth. Attention is now focused on renewable energies as an alternative. In Malaysia, renewable energy was included in the 8th Malaysia Plan (2000–2005) with a target of 500MW out of the 20,000MW total generation capacity. However, for the first 10 years (2000–2010) only 41.5MW planting up has been achieved. This paper recommends strategies, implementation mechanism, and financial framework to ensure success of the initiatives. Some of the recommendations were currently being implemented such as the Green Technology Fund and the Fit-In-Tariff. In addition, this paper proposes the incorporation of a Malaysian Renewable Energy Development Board with wide legislative and executive powers, that would be a strong champion of the RE initiatives. Its primary function would be, inter alia, cross-ministry coordination, tariff fixation, regulating utilization of renewable biomass waste, institute fiscal incentives such as investment incentives, tax holidays, removal of barriers, and initiate government funded Research, Development and Demonstration (RD&D) initiatives.

Suggested Citation

  • Maulud, A.L. & Saidi, H., 2012. "The Malaysian Fifth Fuel Policy: Re-strategising the Malaysian Renewable Energy Initiatives," Energy Policy, Elsevier, vol. 48(C), pages 88-92.
    • Handle: RePEc:eee:enepol:v:48:y:2012:i:c:p:88-92
    DOI: 10.1016/j.enpol.2012.06.023
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    2. Hannan, M.A. & Begum, R.A. & Abdolrasol, M.G. & Hossain Lipu, M.S. & Mohamed, A. & Rashid, M.M., 2018. "Review of baseline studies on energy policies and indicators in Malaysia for future sustainable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 551-564.
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    4. Loh, S.K. & Nasrin, A.B. & Mohamad Azri, S. & Nurul Adela, B. & Muzzammil, N. & Daryl Jay, T. & Stasha Eleanor, R.A. & Lim, W.S. & Choo, Y.M. & Kaltschmitt, M., 2017. "First Report on Malaysia’s experiences and development in biogas capture and utilization from palm oil mill effluent under the Economic Transformation Programme: Current and future perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 1257-1274.
    5. Wan Syakirah Wan Abdullah & Miszaina Osman & Mohd Zainal Abidin Ab Kadir & Renuga Verayiah, 2019. "The Potential and Status of Renewable Energy Development in Malaysia," Energies, MDPI, vol. 12(12), pages 1-16, June.
    6. Lim, Xin-Le & Lam, Wei-Haur, 2014. "Public Acceptance of Marine Renewable Energy in Malaysia," Energy Policy, Elsevier, vol. 65(C), pages 16-26.
    7. Lean, Hooi Hooi & Smyth, Russell, 2014. "Are shocks to disaggregated energy consumption in Malaysia permanent or temporary? Evidence from LM unit root tests with structural breaks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 319-328.
    8. Karim Mohamed Ragab & Mehmet Fatih Orhan & Kenan Saka & Yousef Zurigat, 2022. "A Study and Assessment of the Status of Energy Efficiency and Conservation at School Buildings," Sustainability, MDPI, vol. 14(17), pages 1-31, August.
    9. Keeley, Alexander Ryota & Matsumoto, Ken’ichi, 2018. "Relative significance of determinants of foreign direct investment in wind and solar energy in developing countries – AHP analysis," Energy Policy, Elsevier, vol. 123(C), pages 337-348.
    10. Kardooni, Roozbeh & Yusoff, Sumiani Binti & Kari, Fatimah Binti & Moeenizadeh, Leila, 2018. "Public opinion on renewable energy technologies and climate change in Peninsular Malaysia," Renewable Energy, Elsevier, vol. 116(PA), pages 659-668.
    11. Muhammad Asyraf Azni & Rasyikah Md Khalid & Umi Azmah Hasran & Siti Kartom Kamarudin, 2023. "Review of the Effects of Fossil Fuels and the Need for a Hydrogen Fuel Cell Policy in Malaysia," Sustainability, MDPI, vol. 15(5), pages 1-16, February.
    12. Silvia Amato, 2016. "East Asia Industrial Conversion Activity: Outlook at Post-Disaster Crisis Assessments with Technology Integration and Competitive Assimilation Modes," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 5(01), pages 1-44, June.
    13. Roozbeh Kardooni & Sumiani Binti Yusoff & Fatimah Binti Kari, 2015. "Barriers to Renewable Energy Development: Five Fuel Policy in Malaysia," Energy & Environment, , vol. 26(8), pages 1353-1361, December.

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