KUALA LUMPUR - Malaysia on Tuesday renewed a 10-year action plan to improve energy efficiency, targeting savings of around $21.5 billion.
The renewed National Energy Efficiency Action Plan (NEEAP) will run until 2035 and aims to reduce energy demand by 11.6%, according to a statement from the Energy Transition and Water Transformation Ministry.
This would lead to cumulative energy savings of 815,382 terajoules compared to business-as-usual projections, equivalent to a reduction of 26.1 million metric tons of CO2-equivalent emissions, the statement said.
