The allocation of RM2.0 billion of the
GTFS in Budget 2014 presents further
opportunity for financial institutions to
expand into this new and exciting
area of growth. The certification
process that verifies the businesses
which qualify for the GTFS is prove of
the technical capabilities of the
businesses and assists in assessing
their commercial viability.
In response to the government's
all-out efforts to nurture a congenial
growth environment for the industry,
levels
of
private
investment
supporting new and existing green
businesses have soared in recent
years, especially in hot subsectors
such as renewable energy, energy
efficiency, buildings, transportation
and water and waste management.
The surge in green technology
activities has paved the way for
Malaysia to emerge as a leader in
the global green economy, leading
to the creation of platforms for
business opportunity capitalisation,
such as the highly successful
International Greentech & Eco
Products Exhibition & Conference
(IGEM) Malaysia series. Going into its
fifth year, IGEM has gained
recognition as the region's largest
green technology and eco products
exhibition, and more importantly,
one that enables greentech players
to capitalise on the diverse and rich
opportunities within the green
revolution. In 2014, Malaysia will host
Green Energy Asia, a combined
expo and regional symposium which
features the very latest in renewable
energy systems and technology.
Remarkably, all these efforts have
taken place within the short window
since Malaysia Prime Minister
pledged the country's commitment
to reduce carbon intensity by 40
percent by year 2020. There are
many forces driving Malaysia's green
technology industry into the future.
Looking at the solid foundation it has
built within a short time, there is every
indication that Malaysia will shine like
a green beacon in Asia and beyond.
INDUSTRY OVERVIEW
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