Green technology _ matrade

• Malaysia has recognised green technology as one of the key drivers of national economic growth. New innovation technology in india To achieve this, the Government is currently reorienting its policies to promote and develop green production.

• In developing the Green Industry in Malaysia, the Malaysian Government had introduced the National Green Technology Policy on 24 July 2009. New science innovations The policy focused on 4 pillars, namely Energy, Environment, Economy and Social.

New innovation in electronics technology Green Technology shall be a driver to accelerate the national economy and promote sustainable development.

• At the United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties – 15 (COP-15) in Copenhagen back in 2009, our Prime Minister, YAB Dato’ Sri Mohd Najib bin Tun Abdul Razak made a pledge that Malaysia would reduce her carbon intensity by 40 percent as compared to 2005 levels by the year 2020, subject to financial and technological help from the developed countries.

• The Government is determined to see Malaysia becoming a major player in green technology and renewable energy industry not just in our region but globally, and hope that this will in turn translate into an increase in the number of green jobs and green business opportunities.

• Going green can unlock opportunities for economic growth by contributing to fiscal consolidation, enhancing productivity through greater efficiency in the use of natural resources, opening up new markets for green technologies, goods and services.

• Going green isn’t just a preferable approach to economic development. New innovations in information technology 2013 On the contrary, in the long term it’s the only way to sustain economic growth. Lsu new innovations Using resources productively is what makes for competitiveness today. New innovations in it technology Increasingly, nations and companies that are most competitive are not those with access to the lowest cost inputs but those employ the most advanced technology and methods in using their inputs.

• The UN Foundation made a statement that said, “Governments should exploit energy efficiency as their energy resource of first choice because it is the least expensive and most readily scalable energy option”.

• Efficiency is the “low hanging fruit” of the world’s energy challenge. New ideas and innovations llc The Malaysian Government has identified promoting energy efficiency as one of our top priorities for the coming years. New ideas and technology This is because energy may be the defining challenge of our time, the one issue, more than any other, which will shape the fate of our planet, our economies, and our nations. New innovations duty hours It also may well be one of the greatest economic opportunities of the 21st century; an opportunity that could help put millions of people to work in high-skill, high-wage jobs.

• Developed markets have far been adopting green growth in their economic sustainability. New it innovations This can be seen from number of companies that are well-known for their green concerns in their branding or actively undertaking R&D activities to produce more eco-products for their company. New innovations in technology 2012 To name a few: First Solar from Germany, Panasonic & Sony from Japan.

• With many regulations related to green have already being in placed, and also part of the standards, this makes green criteria sooner or later, no longer a voluntary adoption but a mandatory requirements for producers to market their products in that particular country.

• Many emerging economies have also started to move towards a sustainable development model that makes green industries competitive and serves green technology markets. New ideas and innovations China, for example, has become the world’s top installer of both wind turbines and solar photovoltaic systems. New innovations in information technology 2012 India is strongly encouraging the rapid expansion of bio-gas, solar and other forms of low-carbon energy in rural areas through renewable energy certificates.

• Existing efforts to create awareness on ‘going green’ and introduce Malaysian companies that are producing green products or services to new markets have started to show positive results.

• To quote some examples on the green products that have been exported overseas, this can be seen in 2011 whereby Malaysia’s total exports of photosensitive semiconductor device, photovoltaic (PV) cells and light emitting diodes (LED) were valued at RM8.34 billion.

• Whereas, exports of green building materials also showed major increase in 2011. New innovations in technology 2014 Insulation materials, used to reduce heat transfer and energy consumption such as slag wool, rock wool and similar mineral wools recorded total exports amounted to RM88.21 million.

• Many countries have established clear targets to reduce carbon emissions. Uva new innovations These are indications of their commitment to embark on a new development paradigm. New innovations website As for producers and service providers “business as usual” would indeed be imprudent and ultimately unsustainable.

• This shows commitment to support construction of new green buildings and also refurbishment of old buildings to the greener ones. New innovations in science With embark on construction green buildings, relatively demand for green building materials have also increased.

• Recognising the importance of adopting green technology, the Government has made available several incentives as well as policies to promote the adoption of green technology by industry, namely:-

• Pioneer tax incentives for companies in areas such as energy conservation and generation, renewable energy, waste recycling, natural gas vehicles and hybrid cars.

• 100% import duty waiver for electric and hybrid cars until end 2013. New innovations in technology The government will soon announce the revised National Automotive Policy which will help to spur the growth of this electric and hybrid cars segment.

• The Government has established a fund called the Green Technology Financing Scheme (GTFS) amounting to RM1.5 billion. New and innovative business ideas in india This fund provides soft loans to companies that supply and utilize green technology such as retrofitting of energy efficient appliances into their businesses. New innovations suny downstate For companies planning to adopt green technology, the maximum amount is up to RM10 million while for producers of green technology, the amount is up to RM50 million. New innovations in technology computers The Government will subsidize two percents of the total interest rate. New innovations in construction technology In addition, the Government will also provide a guarantee to the lenders for 60% of the loan amount. New innovation technologies dubai Loan applications can be made through the Malaysian Green Technology Corporation.

• There are also incentives provided by the Government to promote green buildings. New innovations partners Building owners obtaining green building certification from 24 October 2009 until 31 December 2014 are given income tax exemption equivalent to the additional capital expenditure in obtaining such certificates.

• On the other end of the spectrum, buyers purchasing buildings with green building certification from developers are given stamp duty exemption on instruments of transfer of ownership. New innovations for 2014 The exemption amount is equivalent to the additional cost incurred in obtaining the green building certification. New innovations in electrical technology This exemption is given to buyers who execute sales and purchase agreements from 24 October 2009 until 31 December 2014.

• The National Renewable Energy Policy and Action Plan which was approved by the Government on 2nd April 2010 is a result of a study to overcome the main obstacles hindering the growth of Renewable Energy (RE) in the country.

• Among the element of this policy was the introduction of the Renewable Energy Act which entails the implementation of the feed-in tariff (FiT) system. New innovations sign in The FiT is a premium in which the RE power is sold according to each RE sources. Partners new innovations The introduction of the RE Act also provide a mandatory requirement for the utility to accept and buy RE power. Vanderbilt new innovations Both the RE Act and the FiT System was enforced 1st December 2011.

• On 1st September 2011, Sustainable Energy Development Authority of Malaysia (SEDA Malaysia) was officially established and operational to undertake the role of a one stop centre for anything relating to sustainable energy and to help facilitate the RE industry.

• Malaysia also has made its step towards recognising and promoting green townships. New innovations in computer technology 2013 The Green Building Index has been introduced towards implementing the Low Carbon City Framework (LCCF), in order to promote low carbon developments in our cities and townships. Www new innovations This LCCF system is a comprehensive system that serves as a guide to local authorities, developers and town planners for the development of Low Carbon Cities.

• Apart from the transport and power sectors, buildings are a significant contributor to the ever-increasing carbon emission and its impact on global warming. New technological innovations With rapid urbanization, millions of people in developing countries are migrating to cities. New innovations in technology in 2015 Along with this, comes the need to build factories, hospitals, universities and recreation facilities. New technology innovations in business Buildings are said to consume over 32% of the world’s resources, including 12% of its water, and up to 40% of its energy, and account for 40% of green house gas emissions.

• The construction of green buildings contributes to achieving sustainable development. New innovations log in The Government foresees that the construction of green buildings will be an important step for us to achieve the goals of sustainable development.

MATRADE promotes the export of the professional services which include also the companies providing green technology services are through participation in international trade fairs, specialised marketing missions as well as trade and investment missions led by the Minister of International Trade and Industry. New technologies trends innovations and research Seminars and business meeting sessions held during missions are useful platform to disseminate information on the capabilities and expertise of the Malaysian companies in many areas and approach in green Technology.

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