The dip in oil price in 2020 was a good indication of how things could flip in the blink of an eye, he warned. "(Of course), even in the most aggressive outlook, oil and gas will still constitute half of the energy mix. Malaysia's energy mix planTengku Muhammad Taufik said there needs to be a deliberate policy shift when one deals with energy mix that is ever evolving. A report in 2019 on power-technology.com website indicated that to achieve the 20% energy mix target, Malaysia needs RM33 billion (US$8 billion) worth of investments in RE sector. The International Energy Association outlook sees gas approaching 20-25 per cent of energy mix by 2040 and continues to scale up.

Source: The Edge Markets February 21, 2021 02:03 UTC