Source : The Star Online
KUALA LUMPUR: The Government is prepared to set aside some RM15bil under the 11th Malaysia Plan over the next five years to nudge Malaysia towards a green-based economy.
“It can be billions ... RM3bil or RM4bil for a year ... It could be more than RM15bil,” said Economic Planning Unit director-general Datuk Seri Dr Rahamat Bivi Yusoff when commenting on the possible share of the pie for the environment under the 11th Plan (2016-2020).
The 11th Plan, an economic blueprint designed to push Malaysia to become a developed nation, is expected to be tabled by the Prime Minister in Parliament by the end of next month.
Speaking at a press conference after opening the United Nations Development Programmes’ Towards Green Growth in Malaysia Conference here yesterday, Dr Rahamat later clarified that of the amount, some RM10bil would be direct allocation while the rest would be “indirect” in nature.
She added that the RM15bil would be spent on what she called “game-changers”, which are expected to be moves to bring Malaysia into the green economy era.
These were separate from existing environment projects, such as flood mitigation and forest rehabilitation, for which money had already been set aside, she said.
“There are already billions going there ... (but) there are additional billions that we're going to allocate because we want to push it forward,” said Dr Rahamat, who also hinted that money originally earmarked for less environment-friendly moves may be re-chanelled to greener alternatives.
As an example, British High Commissioner to Kuala Lumpur Vicki Treadell said her government had woven green ideals into policy.
“Do you go for a coal-fired power station which might already be in the plan or do you save the money that you have for that (and) invest in new and renewable energy sources?” she said.
According to Dr Rahamat, striking this balance between growth and environment was what Malaysia wanted to learn.
“We're going to put aside a lot of money for game-changers ... We're serious about wanting to have development, but want it to be green,” she said.
KUALA LUMPUR: The Government is prepared to set aside some RM15bil under the 11th Malaysia Plan over the next five years to nudge Malaysia towards a green-based economy.
“It can be billions ... RM3bil or RM4bil for a year ... It could be more than RM15bil,” said Economic Planning Unit director-general Datuk Seri Dr Rahamat Bivi Yusoff when commenting on the possible share of the pie for the environment under the 11th Plan (2016-2020).
The 11th Plan, an economic blueprint designed to push Malaysia to become a developed nation, is expected to be tabled by the Prime Minister in Parliament by the end of next month.
Speaking at a press conference after opening the United Nations Development Programmes’ Towards Green Growth in Malaysia Conference here yesterday, Dr Rahamat later clarified that of the amount, some RM10bil would be direct allocation while the rest would be “indirect” in nature.
She added that the RM15bil would be spent on what she called “game-changers”, which are expected to be moves to bring Malaysia into the green economy era.
These were separate from existing environment projects, such as flood mitigation and forest rehabilitation, for which money had already been set aside, she said.
“There are already billions going there ... (but) there are additional billions that we're going to allocate because we want to push it forward,” said Dr Rahamat, who also hinted that money originally earmarked for less environment-friendly moves may be re-chanelled to greener alternatives.
As an example, British High Commissioner to Kuala Lumpur Vicki Treadell said her government had woven green ideals into policy.
“Do you go for a coal-fired power station which might already be in the plan or do you save the money that you have for that (and) invest in new and renewable energy sources?” she said.
According to Dr Rahamat, striking this balance between growth and environment was what Malaysia wanted to learn.
“We're going to put aside a lot of money for game-changers ... We're serious about wanting to have development, but want it to be green,” she said.
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