Bandar Seri Begawan Declaration introduced at energy ministers’ meeting

By AZALEA AZUAR / Pic by BERNAMA

The Bandar Seri Begawan Joint Declaration which was announced at the 39th Asean Ministers on Energy Meeting (39th AMEM) is aimed to strengthen energy security and form initiatives towards reducing carbon energy in the Asean region.

The declaration is a joint commitment between the region’s energy ministers.

Held virtually from September 15 to 16 and chaired by Brunei Darussalam, representing Malaysia was Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan (picture).

According to a statement from the Energy and Natural Resources Ministry (KeTSA) on Friday, the declaration has also welcomed the cooperation and support in the form of funding, investment and technical assistance from Asean Dialogue Partners, international organisations and other parties to ensure the successful implementation of the Asean Action Plan on Energy Cooperation (APAEC) Phase II: 2021-2025.

“In this regard, Malaysia also shared its initiatives for economic recovery post-Covid19 through the implementation of renewable energy (RE) initiatives which are creating jobs and opening up green investments. 

“Malaysia also presented the country’s energy transition plan that will contribute to the decarbonisation agenda of the electricity supply industry, particularly in achieving the country’s renewable capacity target of 31% by 2025 and 40% by 2035,” the ministry said.

Malaysia also shared its efforts to transition its electricity sector towards a lower carbon part way during the 15th East Asia Summit Energy Ministers Meeting and the 18th Asean Plus Three (China, Japan, Korea) (AMEM+3) Meeting.

KeTSA believed that this initiative would help the people by being inclusive, equitable and more importantly, affordable.