Can Malaysia Reduce Carbon Emissions To Zero By 2050? Here's What We Are Doing About It
Malaysia is one of over 130 countries that aims to achieve net zero as early as 2050.
By Jeremy Ng — 17 Mar 2022, 10:41 AM
Sustainability has become a hot topic in recent years, both locally and globally. One of the key discussions is the race to 'Net Zero by 2050'.
'Net Zero by 2050' is a global coalition that aims to see the reduction of greenhouse gases to net zero by mid-century. Malaysia is one of over 130 countries that is considering how they can manage their carbon emissions better, according to that timeline.
Nevertheless, how can it be achieved, and is it even possible?
Energy providers, like Tenaga Nasional (TNB), are working against the clock to reduce carbon emission intensity and introduce renewable energy, all in an effort to achieve this critical milestone
Earlier this year, TNB launched 'The Sparks of Today, Power Brighter Tomorrows,' in line with the company's aspiration towards Net Zero 2050.
It is a continuation of their sustainability pathway, a journey that began in 2016 with the launch of the Reimagining TNB strategic plan.
Over the next 30 years, TNB has various initiatives in the works, which will hopefully contribute towards a cleaner, more sustainable future for generations to come.
1. Relying less on coal to generate electricity
In line with the Malaysian government's green agenda, TNB aims to reduce 35% of its greenhouse gas emission intensity and reduce 50% of their coal capacity by 2035. The ultimate goal is to become coal-free by as early as 2050.
Additionally, TNB has pledged to ensure its revenue from coal generation plants does not exceed 25% of its total revenue.
In the first half of 2021, the company has committed to no longer investing in greenfield coal plants after Jimah East Power, which was commissioned in 2019, while existing plants will be phased out on the expiry of their power purchase agreement.
2. Introducing greener, more renewable energy sources
Instead, the company will continue looking into greener energy sources, like solar, wind, and hydropower, with an aim to generate 8,300MW of renewable energy (RE) by 2025.
In July 2021, TNB also launched Vantage RE Ltd, a RE investment and asset management company that will own, operate, and manage a portfolio of RE assets in the UK and throughout Europe.
Besides that, the company has also been exploring emerging green technologies through investments and R&D partnerships, venturing into green hydrogen as well as carbon capture and utilisation.
3. Removing carbon from the atmosphere and restoring ecosystems
A part of TNB efforts include planting these mangrove saplings in Sungai Limau, Manjung.
Image via Tenaga Nasional BerhadBy also planting tree saplings and mangrove saplings, TNB hopes to reduce carbon from the atmosphere while also restoring the mangrove ecosystem.
Through these three initiatives above, TNB hopes to achieve net zero together with everyone
At the same time, the goal is to ensure that every Malaysian has access to affordable green energy, while ensuring future generations will get to experience our country's rich and diverse ecosystem for years to come.
Aside from environmental changes, TNB is making positive social and economic strides
As part of the company's environmental, social, and corporate governance (ESG) commitment, TNB sets aside 1% of their Profit After Tax to uplift communities in need and to fund environmental programmes.
In solidarity with COVID-19 efforts, TNB is also helping Malaysians throughout the pandemic. For example, the Better Brighter Shelter provides a place for family members to stay and rest as their next-of-kin undergo medical treatment at hospitals.
Besides that, through Projek Baiti Jannati and Projek Mesra Rakyat, TNB has rebuilt damaged homes and provided housing for underprivileged communities.
For a better world, we will need bright leaders of tomorrow. That's why TNB is working hard to provide scholarships for quality education and financial aid through Yayasan Tenaga Nasional, so students can thrive. Other efforts also include free eye care checkups and school supplies.
Committed to nurturing new talents and grooming future champions, TNB is also the main sponsor of the Malaysian Hockey League, in the hopes of developing the sport.
Last but not least, TNB cares about the wellbeing of their workers. Through Tenaga Safety Culture, TNB strives to eliminate work-related injuries and illnesses altogether, while consistently seeking to uphold high safety standards. One important goal is to bring the company's Lost Time Injury Frequency (LTIF) below 1.0.
As we move towards a sustainable future, TNB hopes to create a better, brighter tomorrow together with everyone.
So let us come together and do our part to help achieve net zero as early as 2050 for all.
Find out more about TNB's initiatives on their website.
You can also watch TNB's Sustainability film, 'The Sparks Of Today, Power Brighter Tomorrows', on the TENAGAofficial YouTube channel today!
