Nuclear power is on the table, says Rafizi

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Nuclear as an energy source is essential for Malaysia to achieve net zero by 2050 and is expected to be included in the 13th Malaysia Plan, says Economy Minister Rafizi Ramli.

Separately, Rafizi commented on CIMB Group Holdings Bhd’s decision to cease financing new upstream oil fields which were approved for development after 2021, effective Jan 1, 2025 in line with its decarbonisation target.

He stated that the government does not intervene in the decisions made by private banks, such as CIMB.“The oil and gas industry in Malaysia is a strategic industry.

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Article Details

Author / Journalist: SYAZWANI HASNIZAM

Category: EconomyBusiness

Markets: Malaysia

Topics: EnergyTransition MalaysiaEnergy Decarbonisation /Business/Business News SustainableFuture NuclearEnergy NetZero2050 SMRTechnology CleanEnergy Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 614 words

Reading Time: 4 minutes read

Sentences: 12 lines

Sentence Length: 52 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23437104

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 18 minutes ago

Coverage Areas: Malaysia

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Publisher ID: #22

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