KUALA LUMPUR, Oct 10 (Bernama) — ABB Malaysia Sdn Bhd, Atlas Copco (Malaysia) Sdn Bhd, Daikin Malaysia Sales & Service Sdn Bhd and Business Sweden have signed a Memorandum of Understanding (MoU) on 4 October 2023 with the Malaysian Green Technology and Climate Change Corporation (MGTC) to formalize their collaboration and cooperation to push energy efficiency into a higher gear.
The agreement is timely given the Government’s renewed commitment and target of achieving an average of 21% energy savings by 2040 under the National Energy Transition Roadmap (NETR). With its cost efficiency and optimisation of resources, energy efficiency has been recognized as the most important lever in the NETR. Underpinning the value of urgent action in this area, as much as RM6 billion worth of investments from now to 2040 is expected, with smart device installation and government building retrofits being prioritized.