Aside from plans to gradually halt the use of coal-fired power plants, the government also has plans to introduce economic instruments such as carbon pricing and carbon tax.
As of yet, Putrajaya has yet to announce a definite timeline on when they will implement the carbon tax system. Ismail Sabri is hopeful that the low-carbon long-term development strategy study will be finalised by the end of 2022.
Ismail Sabri also said that they will introduce a comprehensive National Energy Policy to outline the strategic long-term direction in supporting the nation’s carbon-neutral aspiration.
The proposed carbon pricing and carbon tax will directly affect the automotive industry. According to the Bernama report, Malaysia currently contributes 0.7 percent of the total global greenhouse gas emissions and cars are one of the biggest contributions to the number.
The government’s pledge to reduce greenhouse gas emissions would mean that it would also be introducing various measures to encourage car buyers to purchase eco-friendly cars. Expect an announcement when the strategy study is finalised in 2022.
There isn’t a time in memory that doesn’t involve staring at cars. After discovering the excitement of watching Schumacher vs Hakkinen, Formula 1 became a major part of life. The love for cars and F1 ultimately led to a job with CAR Magazine. The untimely death of the magazine meant a hiatus from cars at lifestyle women’s magazine Marie Claire before another opportunity came knocking again.