: The Energy, Science, Technology, Environment and Climate Change Ministry will roll out a framework that will allow companies to receive tax incentives if they commit to be part of the RE100, a global initiative that has corporations commit to use 100% renewable energy.
“By Jan 1, 2020, RE100 companies will be able to buy electrons, so that all their energy can be renewable energy,“ she said after attending the launch of the Malaysian chapter of the Climate Governance Initiative at the Securities Commission yesterday. “We see this as not only incentivising renewable energy in Malaysia, but also making this possible so that we have something that they can look into when foreign companies think about where to put their headquarters in Asean,“ she said.
“We have tax incentives and green investment tax allowance, and we have increased their scope from nine activities and assets to 40 activities and assets. The public can go to the Malaysian Investment Development Authority to ensure that corporations can invest in renewable energy and green technology,“ she said.