KUCHING: The Madani Economy framework and National Energy Transition Roadmap (NETR) will play a crucial role in determining Malaysia’s path towards a more promising future, according to Sarawak Premier Tan Sri Abang Johari Tun Openg (
).
He stressed the need for Malaysia to enhance its competitiveness and appeal to investors, especially in terms of environmental, social, and governance (ESG) compliance.
“As financial institutions worldwide are increasingly emphasizing ESG, our nation faces the challenge of transitioning from coal-based energy to renewable energy sources,” he explained. “If our energy sources continue to pollute, banks will hesitate to fund our projects.”
Abang Johari highlighted the Federal Government’s commitment to renewable energy through the implementation of the NETR.
He also drew attention to the similarity between the recently announced Madani Economy initiative by Prime Minister Datuk Seri Anwar Ibrahim and Sarawak’s post-Covid-19 development strategy (PCDS).
“We have no issues as the Madani Economy and PCDS align with each other,” he remarked, noting that he previously had an informal discussion with Anwar on this matter.
Launched in 2021, the PCDS aims to transform Sarawak into a high-income, developed state by 2030, focusing on three main pillars: economic prosperity, social inclusivity, and environmental sustainability.
In the same vein, the Madani Economy initiative seeks to enhance Malaysia’s competitiveness and attractiveness to investments while addressing issues that impact the well-being of its people.
Credit: The Star : News Feed
