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Malaysian Government to Promote Green Technology
Source: news.xinhuanet.com
Source Date: Thursday, October 16, 2014
Focus: ICT for MDGs
Country: Malaysia
Created: Oct 21, 2014

Malaysian government will provide better access to credits, incentives and capacity building programs to facilitate and boost 'green' investments that would further spur the efforts in developing green technology, a government official said here Thursday.

 

Speaking at the fifth International Greentech and Eco-Product Exhibition (IGEM2014) here, Malaysia's Deputy Prime Minister Muhyiddin Yassin said, the soon-to-be-launched Green Technology Master Plan is a testimony of the government's earnest intention to continuously provide direction and motivation for the growth of, and promising investments in, green economy related technology.

 

"The government believes that effective policies and sound frameworks to promote greater investments for green growth will have a direct effect in addressing and dealing with other environment-related changes such as water, energy, food security and health," he said.

 

Muhyiddin said according to the United Nations Environment Programme (UNEP) and the International Labour Organization (ILO), the world demand for environment-friendly products and services was about 1.37 trillion U.S. dollars in 2008, and was expected to increase twice as much by year 2020.

 

He hoped that industry players would take advantage of the positive sign to adopt a better and sound sustainable and environment-friendly technology as well as product mechanisms.

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