Transitioning to Renewables: A New Frontier for Oil & Gas Companies
According to the International Energy Agency, renewable energy will continue to grow to 2023, accounting for 40% global of energy consumption growth as countries aim to cut greenhouse gas emissions. Wind and solar power is set to continue in the electricity sector and bioenergy will remain the largest source of renewable energy. Embracing this inevitable transition, join the British Malaysian Chamber of Commerce and the Energy Industries Council as we host this special Energy event to underscore transitionary efforts and practices undertaken by Oil & Gas companies in response to increasing global demand for renewable energy. The objective is to explore this topic from various perspectives such as:
- Investment plans, areas of growth & timeline
- Industry deregulation and incentives
- Regulator perspectives
- Global trends & practices
Keynote Address by YB Yeo Bee Yin
YB Yeo Bee Yin is the Minister of Energy, Science, Technology, Environment and Climate Change. She is also currently the MP for Bakri, Johor. Under the new Pakatan Harapan government, her Ministry has pledged to increase renewable energy from the current two per cent to 20 per cent by 2025 and make renewable energy affordable and accessible in Malaysia.