It is hugely important issue for the country on how to decarbonise and be more environmentally aware. What is the right energy management in improving energy efficiency and reducing carbon footprints? The best energy management strategy includes a mix of tactics aimed at increasing energy efficiency and lowering carbon footprints in order to decarbonize and become more ecologically conscious. The Ministry of International Trade and Industry (MITI) targets to launch the National Industry Environmental, Social and Governance framework (i-ESG) framework for the manufacturing sector by September this year. (Source: New Straits Times)
Important factors for reaching these goals
Energy Efficiency
Give the highest priority to energy-saving initiatives in the household, commercial, and industrial sectors. This entails implementing energy- efficient technologies and procedures, such as smart meters, building insulation, LED lighting, and energy management systems. Energy saving can also be improved by promoting behavioral changes like turning off lights and appliances when not in use.
Renewable Energy Transition
Switching to renewable energy sources from fossil fuel-based ones is known as the renewable energy transition. Encourage the installation of energy systems using solar, wind, water, and geothermal sources. Governments should set up beneficial regulations, incentives, and policies to promote investments in renewable energy infrastructure. Develop renewable energy projects and improve grid integration by working with industry stakeholders. Decentralized Energy Systems Encourage the development of distributed generation and microgrids as examples of decentralized energy systems. These technologies allow for localized energy production, lower transmission losses, and increased energy infrastructure resilience. They also support sustainability at the local level and facilitate the incorporation of renewable energy sources.
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MSCA 2023 I VOL.5
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