KUALA LUMPUR, Nov 4 — Malaysia’s green investment landscape continues to mature, with RM7.88 billion recorded in 2024 through initiatives promoting clean energy, sustainable technology, and low-carbon development.
Datuk Seri Johari Abdul Ghani, Acting Minister of Natural Resources and Environmental Sustainability, said the figures highlight tangible progress in implementing the nation’s NRES Strategic Plan 2024–2030, but also reveal lingering challenges in financial accessibility and human capital.
The country’s green investment performance was driven by the Green Investment Tax Allowance (GITA), Green Technology Financing Scheme (GTFS), and the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) — which collectively mobilized over RM10 billion in potential investments since 2020.
“IGEM has not only attracted investors but also created more than 2,000 green jobs last year, showing that the green economy is both economically and socially viable,” Johari told Parliament.
However, he emphasized that financial barriers for SMEs, technical skill shortages, and low public engagement remain critical challenges.
“Government funds can only support smaller projects; larger ones need strong economic fundamentals to secure financing,” he said.
Johari reiterated that a whole-of-society approach — involving industry, academia, and the public — is essential to achieving Malaysia’s commitment to net-zero emissions by 2050.