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Malaysia Carbon Tax
Malaysia’s Minister of Finance has announced that Malaysia will start imposing a carbon tax on the iron, steel and energy sectors starting in 2026.
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Malaysia–Thailand Joint Authority Procedures for Production Operations
Malaysia and Thailand have signed the Malaysia–Thailand Joint Authority Procedures for Production Operations (“Production Procedures”). The Production Procedures apply to oil and gas exploration within the “Malaysia–Thailand Joint Development Area”, a 7,250 km square area in the Gulf of Thailand that is claimed by both countries and which is administered by the Malaysia–Thailand Joint Authority. The Production Procedures provide that during petroleum productions, gas cannot be flared or vented without prior approval from the Joint Authority, except in certain defined circumstances (e.g., in emergency situations). In addition, the Production Procedures provide that operators who produce…
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Malaysia-Australia Free Trade Agreement (MAFTA)
The Malaysia-Australia Free Trade Agreement (MAFTA) enterred into force in 2013. It notably provides for the elimination of import tariffs for the following energy sector goods: Steel coilsAutomotive componentsMotor vehiclesThe rules of origin delineated in the Agreement mirror those of the ASEAN-Australia-New Zealand Free Trade Area. Goods are considered as originating from a signatory country, and can thus benefit from preferential tariff treatment if:they are wholly produced or obtained in the country they qualify for a change in HS code as defined for each goodthey meet minimum regional value content requirements
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Malaysia's Plan to Ban Rare Earth Exports
On 11 September 2023, Prime Minister YAB Dato Seri Anwar Bin Ibrahim presented the twelfth Malaysia plan proposal for 2021-2025. As part of the speech, the Government shared its plan to implement a policy that enforces prohibition of raw earth materials exportation to safeguard Malaysia's rare earth value chain. In doing so, the Government also aim to encourage domestic processing and provide additional income for the country, and thus ensuring maximum profits for the country.
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Malaysia-Qatar Comprehensive Economic Cooperation
On June 1 2023, the Malaysian Government through the Ministry of Economy announced opportunities for cooperation with the Qatari Government. Trading partners from the Gulf region (Qatar, Saudi Arabia, UAE) and the international investor community reacted very positively to this effort.The Malaysian government has announced several key policies such as allowing cross-border renewable energy trade, establishing regional markets for the purchase and sale of renewable energy, and doubling the renewable energy generation capacity target to 70% of total energy generation capacity by 2050.
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First NDC of Malaysia
Malaysia aims at reducing the GHG emission intensity of its economy by 35% below 2005 levels by 2030, and up to 45% conditional on the provision of international support.
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Malaysian Biofuel Industry Act 2007
The Biofuel Industry Act of Malaysia followed shortly establishment of National Biofuel Policy of Malaysia in 2006. The Biofuel Industry Act was introduced to further regulate and facilitate sector development.
After enforcement of the Act manufacturing companies only need to apply for one licence and therefore the Act reduced adminstrative barriers by streamlining the licencing process.
Activities licences under the Act:
Production of biofuel:
Construction of any biofuel plant or biofuel blending plant;
Production of any biofuel;
Blending of any biofuel with any other fuel or biofuel;
Trading of biofuel:
Export, import, transport and/or storage of any biofuel, biofuel blended with any… -
Artificial Intelligence
…effects are poised to be particularly strong in some countries. For example, in the United States, data centres are on course to account for almost half of the growth in electricity demand to 2030; in Japan, more than half; and in Malaysia, as much as one-fifth.A diverse range of energy sources will be tapped to meet data centres’ rising electricity needs globally – though renewables and natural gas are currently set to take the lead due to their cost-competitiveness and availability in key markets. Uncertainty around current and future data centre consumption calls for a scenario-based appro...
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Cost of Capital Observatory Dashboard
…countries initially within the scope of the Observatory– Brazil, India, Indonesia, Mexico, and South Africa – but also conducted additional efforts to gather data on countries including Viet Nam, Senegal, Kenya, Malaysia, the Philippines and Thailand, although the data points for these countries were comparatively fewer. We also widened the scope to include utility-scale batteries, offshore wind and hydroelectricity power, in addition to solar PV and gas power projects. In the latest survey update in 2025 we asked for WACC data of projects taking final investment decision (FID) from 2021 onwards. An analysis of the latest data can be found…
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Southeast Asia Energy Outlook 2024 Executive summary
…sustainability: rising dependence on fossil fuel imports, escalating import costs, and a projected one-third increase in energy-related CO2 emissions by 2050. Drivers of changing energy demand in Southeast Asia Eight of the 10 countries in Southeast Asia have net zero emissions goals: Brunei Darussalam, Cambodia, Lao PDR, Malaysia, Singapore and Viet Nam have set a target date of 2050; Indonesia of 2060; and Thailand of 2065. While momentum is building for clean energy transitions across the region, far greater efforts are needed to get on track for these national goals, which would mean cutting today’s emissions by…
