Wan Nadia Kamaruddin, Azman Zainal Abidin, Noorly Akmar Ramli Yuzlina Mohd Yusop, Siti Indati Mustapa
Policy Analysis and Research Management
Pusat Tenaga Malaysia
Level 8, Bagunan Sapura @ MINES
7 Jalan Tasik, The Mines Resort City
43300 Seri Kembangan
In its quest to become a developed country by year 2020, Malaysia fully subscribes to the concept of sustainable development. The importance of energy in the industrialization process of the country is well organized.
High oil prices are affecting consumers across the board. Manufacturing enterprises across the globe are trying to increase efficient use of energy in production and explore alternatives to oil. Malaysia is no exception to this. Eventhough Malaysia is well endowed with domestic energy resources, efforts are underway to secure a stable supply of energy resources to move Malaysia towards industrialization, a sound socio-economic infrastructure as well as increased export earnings beyond the year 2010.
The fossil-fuel party might end sooner than expected. With high demand in energy, the so-called "current rates of consumption" increase by the day. To avoid dependency on fossil fuels and to overcome the adverse impacts on climate change, alternative fuel needs to be introduced. Among the options are solar and hydrogen (with fuel cells as its energy conversion technology).
This paper will describe the projection of future energy trends, current development and future plan of research and market commercialization of some option of alternative energy – solar and hydrogen (fuel cell as electric converter) for the nation.
*The views expressed herein are the authors’ own and do not necessarily reflect those of Malaysia Energy Centre (PTM) or other organisations
Current oil price is hovering above US$ 60 / barrel and still going expensive. As a result, the local market share showed a very discouraging flow for the whole last week. Since then, investors have been really cautious in putting their market share investments. Foreign investors are also anticipated to sell their shares due to the bad share market performance. Malaysia, as other global region will be facing the peak production of oil when the demand will outstrip the supply. There are rising concerns that the transportation companies will be adversely affected. However, the consumers will experience the consequences as the transport operators have the ability to pass on the higher fuel costs to them, operating efficiencies and economies of scale from its expansion. Oil price surging does not influence the transport sector only, but also other sectors too such as industrial sectors where the oil price hike has raised the cost of operation.
Malaysia along with other countries such as European Union is presently seeking other alternative sources of renewable energy to counter the spiraling cost of crude oil which has risen higher than US$64 (US$1 = RM 3.75) per barrel. These include hydrogen as energy carrier as well as solar, wind, hydro, biomass and others aimed at reducing dependency on depleting fossil fuels as well as to alleviate global warming.
Switching to a more reliable and sustainable sources of fuel has been the main agenda to counter the issues on fuel for the coming...