In December 2009, at the UN Climate Change Conference COP 15 in Copenhagen, the Prime Minister of Malaysia, the Rt. Hon. Mohd Najib Abdul Razak, had announced that “Malaysia is adopting an indicator of a voluntary reduction of up to 40% in terms of emissions intensity of GDP by the year 2020 compared to 2005 levels. This indicator is conditional on receiving the transfer of technology and finance of adequate and effective levels from Annex 1 partners, that correspond to what is required in order to achieve this indicator”. Malaysia also needs to decouple its GDP from its current relatively high carbon-based energy demand. In trying to meet both these targets, we need to intensify our research efforts in energy-based areas. As government funding in R&D is limited as the aim is for research to be private-sector driven, and with the grim global economic scenario today, it is most unlikely that Malaysia will get any assistance financially or technologically from Annex 1 nations. It is therefore proposed that Malaysia considers implementing a dedicated carbon cess on petroleum products to fund R&D in the country. (Copied from article).
Awareness and sensitivity on the subject of green technology are currently commanding the attention of the world in the light of rising energy costs and the threat of global warming. Many countries are now recognizing the benefits of researching into and using green technology to reduce their carbon and water footprints and to minimize waste. (Copied from article).