Can Clean Energy Save Us from Climate Change?
Tatler Malaysia|December 2021
Three clean energy leaders weigh in on the state of the environment and what can we do to save the planet
Chong Jinn Xiung

The United Nations has issued a stark warning that current global commitments to cut greenhouse gas emissions would still put the planet at risk for an average 2.7-degree Celsius increase in temperature by this century.

This is compounded by a global energy crisis that has resulted in power shortages across major economies. Already, factories in China were forced to shut down while the price of natural gas prices surged to record levels and could derail Europe’s economic recovery.

Analysts are blaming the energy crunch on several factors including the sharp rise in demand due to the economic rebound from the pandemic, thereby depleting power reserves. FatHopes Energy founder and chief executive officer Vinesh Sinha believes that Europe is facing this situation because it has been too dependent on natural gas for energy. This illustrates the urgent need to move away from fossil fuels and towards alternative forms of energy like solar, wind, hydropower and even nuclear.

“Both wind and solar are viable renewable energy sources to consider, but we need to diversify our energy supply,” Sinha cautions.

Good news. The use of renewable energy is slowly expanding across Southeast Asia, says solar company Plus Xnergy Holding group chief executive officer Ko Chuan Zhen. He says Malaysia has the potential to be Southeast Asia’s renewable energy champion, specifically for solar power.

The government has announced plans to increase the share of renewable energy in the country to 31 per cent by 2025. That would be an increase from the current 4,430 megawatt (MW) to 10,944 MW in the next 15 years.

Aaron Patel, chief executive officer of iHandal Energy Solutions says he’s encouraged to see Malaysia and its regional peers target to have at least a 20 per cent renewable energy mix by 2025. In addition, Malaysia has several comprehensive roadmaps to achieve these sustainability targets, by encouraging industries to see the wealth of opportunities ahead.

Ko says there is still a lot of untapped potential in the domestic solar market both for businesses and consumers. Plus Xnergy estimates there are 3.2 million residential properties in the country, however, consumer adoption is still low. This is largely due to the misconception that solar solutions are expensive.

“We need more aggressive policies that combat climate change and prioritise the adoption of clean energy and digitalisation among businesses and communities” — KO CHUAN ZHEN

This year, the solar energy company introduced a rent-to-own solar program for consumers and a power purchase agreement for businesses. It hopes these measures will help lower the barrier for solar energy adoption. Adding to this, Ko says the government needs to establish a Net Energy Metering (NEM) scheme as a way to export excess power generated to Tenaga Nasional Berhad.

“Solar is the cheapest form of electricity according to the International Energy Agency but Malaysia is still highly dependent on fossil fuels. I expect the transition to renewable energy will take some time,” he says.

ENCOURAGING GREATER ADOPTION

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM TATLER MALAYSIAView All

Ice Ice Baby

Can an ice bath for your face really work wonders for your complexion?

6 mins read
Tatler Malaysia
January 2022

Naked Ambition

Oscar-winning costume designer Tim Yip has chosen Eileen Chang’s work for his stage directorial debut. Here’s why

4 mins read
Tatler Malaysia
January 2022

Burn Out

It might be winter, but there’s no time like the present for Supergoop! founder Holly Thaggard to convince you to change the way you think about sun protection

3 mins read
Tatler Malaysia
January 2022

Louder Than Words

There’s a beauty in SUEN’s handcrafted jewellery not found anywhere else

2 mins read
Tatler Malaysia
January 2022

Reclaiming the Culture

From rock bottom to rock and roll, chef Gaggan Anand gets candid about shifting attitudes towards Indian cuisine ahead of his highly anticipated Singapore pop-up

5 mins read
Tatler Malaysia
January 2022

Restoring Balance

Our body has an incredible ability to heal and regenerate itself, but a myriad factors can block its recovery. We talk to healing practitioners who use the power of sound and elemental energy to bring harmony and balance within

10 mins read
Tatler Malaysia
January 2022

Mind the Gap

Serial entrepreneur Azran Osman-Rani is laser-focused on redefining modern healthcare to become more holistic and ensure both physical and mental wellbeing are looked after

7 mins read
Tatler Malaysia
January 2022

The Good, the Bad, the Ugly

Wellness advocates Maggy Wang and Talitha Tan talk about taking the bad with the good when it comes to personal growth—here’s how and why

6 mins read
Tatler Malaysia
January 2022

The Razak Reset

As his book tops local best-selling lists, Tan Sri Nazir Razak reveals a glimpse of the man behind his name in this Tatler exclusive

8 mins read
Tatler Malaysia
January 2022

Environmental Essentials

With sustainability built into infrastructure, we can afford a greener way of life that is practical and effortless

2 mins read
Tatler Malaysia
December 2021
RELATED STORIES

THE GREAT ESCAPE!

Hero dad dives into flames to save twin girls

2 mins read
National Enquirer
September 27, 2021

Bangkok to Bali and Beyond

Sail to the cultural wonders of Southeast Asia.

4 mins read
Global Traveler
August 2021

Have «comfort foods» PUT YOUR healthy diet ON THE BACK SHELF?

Nutrition Myth Buster Jonny Bowden says toss out the old nutrition advice along with the junk food. It’s time to start fresh before you start having health issues.

3 mins read
Natural Solutions
December 2020

PARANOIA

MAGGIE LINDEMANN SPILLS THE TEA ON HER UPCOMING EP, TRAN- SCENDING GENRES AND COLLABORATING WITH POP PUNK’S FINEST.

5 mins read
Inked
January 2021

COVID-19 TURNS MALAYSIA'S GLOVE MAKERS INTO BILLIONAIRES

Owner of Riverstone Holdings is now a billionaire with his share prices going up, keeping up with the increasing demand in protective gloves across the world.

2 mins read
Industry Leaders
September 2020

Offshore Safety

Voyaging on the boat they built together

10 mins read
Ocean Navigator
Ocean Voyager 2020

The Virus Clips AirAsia's Wings

The region’s premier discount carrier may have to lower its ambitions

4 mins read
Bloomberg Businessweek
April 20, 2020

Plant Power

Dr. Jonny busts the palm oil myth and sheds light on an estrogen-affecting phytochemical.

4 mins read
Clean Eating
January - February 2020

Penang Looks Like A Trade War Winner

Malaysia’s electronics manufacturing hub is drawing renewed interest as China and the U.S. battle

3 mins read
Bloomberg Businessweek
November 25, 2019

READER PROJECT Custom-Chassis Muscle Mustang

Retro-realistic machined-metal muscle car

5 mins read
Radio Control Car Action
November 2019