According to Malaysian-German Chamber of Commerce and Industry (MGCC), the green technology industry in Malaysia has high potential especially in the area of supplying green technology parts and components.
To nurture such potential further, better coordination and concerted efforts between ministries should be enhanced.
Malaysia was the fourth largest producer of solar cells in the world although it had not been actively promoting solar power usage.
Greentech industry was a multi-billion dollar industry as countries all over the world were now looking at new energy sources including renewable energy.
Malaysia has a better advantage than western countries to fully exploit solar power due to its sunny conditions and produce renewable energy from oil palm-based biomass.
In the region, Singapore was ahead in the region when it comes to the greentech industry, while Indonesia and Thailand were actively attracting foreign investors to their shores.
TNB (during Nuclear Energy An Option for Malaysia forum) recently suggested that Malaysia is recording increasing demand for more energy consumption.
In terms of enterprise IT arena, green data center is the trend where technology vendors are pushing for adoption of virtualization technology, more energy efficient hardware in coping with such trend.
Besides that, companies such as Fujitsu works to enable the transition towards a low-carbon society. It champions the idea of Green Policy Innovation whereby products and solutions in range are built to trusted international standards such as ECMA, EPEAT and ENERGY Star.
For more information, refer to ‘Malaysia has potential in green technology sector‘
