GUIDE ON GREEN ELECTRICITY TARIFF BY ENERGY COMMISSION
Green Energy Tariff (GET) programme is a newly introduced initiative by the government to encourage the use and purchase of green energy along with supporting the nation aspiration in reducing the net-zero GHG emission by 2050. This GET programme is backed by Malaysia Renewable Energy Certificate (mREC) and customers can now enjoy a much lower rate at only 3.7 sen/kWh.
GET is open to all eligible customers with the annual subscription commitments to be offered at a first-come first-served basis. Full guide is available on the document below.
Guide on Green Energy Tariff
NATIONAL LOW CARBON CITIES MASTERPLAN
The Minister of Environment and Water, Datuk Seri Tuan Ibrahim Tuan Man recently announced that the National Low Carbon Cities Masterplan (NLCCM) has been finalised. This low carbon initiative program is to reduce the energy consumption and greenhouse gas (GHG) emissions while supporting the urban development progress. 33 cities were selected as the Target City and the 3M approach which are Measurement, Management, Mitigation will be used as a base for the NLCCM.
National Low Carbon Cities Masterplan
THE THREE SCOPES OF
As an effort of decarbonization, tracking and measuring the greenhouse (GHG) emission is vital. According to the GHG Protocol Corporate Standard, a company's GHG emissions are classified in three scopes which are the direct emission Scope 1 and indirect emission Scope 2 and Scope 3. Gaining an understanding of these scopes will help an organization
to stay align with their sustainability goal.
Access The Three Scopes of Carbon Emission here
CARBON CREDIT & CARBON OFFSET
WHAT'S THE DIFFERENCE ?
The rise of the carbon emissions is one of the gravest problems the world is facing but the mechanism of carbon offset and carbon credit have seemed to help in combatting this issue. Although both of these mechanisms represent a certain amount of carbon emission into the atmosphere but they can actually be distinguished in some ways.
Access The Difference between Carbon Offsets and Carbon Credits here
NEW US 2030 GHG POLLUTION
US President Joe Biden has recently announced a new GHG Pollution Target during the Leaders Summit on Climate. Although this climate change poses an existential threat but responding to it offers some great new opportunities such as creating a good-paying job and driving innovations.
Access the full article of the newest US 2030 GHG Pollution Target here
CLIMATE CHANGE &
Climate patterns play an important role in shaping the natural ecosystem, human economies and the culture. Over the years, climate change has resulted in significant impacts on the businesses, society as well as the financial system.
A principle-based taxonomy was introduced by Bank Negara Malaysia (BNM) for financial institutes (FIs) to assess and categorize economic activities based on the climate objectives along with transiting business to low-carbon economy and adopting the sustainable practices.
Access the Climate Change and Principle-Based Taxonomy Report here
OFFSETS AND RECS:
WHAT'S THE DIFFERENCE?
This document, published by EPA Green Power Partnership, explains the differences between carbon offsets and RECs. Knowing the differences between instruments like RECs and offsets is critical to deciding how both may be useful to your organization.
Access the "Offsets and RECs: What's the Difference" here
MALAYSIA THIRD BIENNIAL UPDATE REPORT TO THE UNFCCC
The Third Biennial Update Report (BUR3) highlights estimations of anthropogenic emissions and removals in four sectors, namely energy; industrial processes and product used (IPPU); agriculture, forestry and other land use (AFOLU), and waste sectors with time series estimates from 1990 to 2016.
Access the Malaysia Third Biennial Update Report to the UNFCC here
PRESENTATION: GENERAL DECK FOR
RENEWABLE ENERGY CERTIFICATES
This presentation slide provides a brief explanation of the mechanism of REC in mGATS platform, how REC works in your company's sustainability aspirations, the process to acquire REC, and the details of the REC product itself. This presentation also entails the mGATS website and its contents.
Access the Presentation: General Deck for REC here
BURSA MALAYSIA SUSTAINABILITY REPORTING GUIDE
This Sustainability Reporting Guide provides guidance on how to embed sustainability in your organisation and help you identify, evaluate and manage your material EES risks and opportunities. This second edition of the Guide replaces the first 2015 edition, including more current case studies, reference to the SDGs and the TCFD recommendations, some guidance on integrated reporting and a new chapter on assurance to provide guidance on how it may be conducted.
Access the Bursa Malaysia Sustainability Reporting Guide here
SUSTAINABLE DEVELOPMENT GOALS
In September 2015, the General Assembly adopted the 2030 Agenda for Sustainable Development that includes 17 Sustainable Development Goals (SDGs). Building on the principle of “leaving no one behind”, the new Agenda emphasizes a holistic approach to achieving sustainable development for all.
GREENHOUSE GAS PROTOCOL
GHG Protocol supplies the world's most widely used greenhouse gas accounting standards. The standards are designed to provide a framework for businesses, governments, and other entities to measure and report their greenhouse gas emissions in ways that support their missions and goals.
In 2016, 92% of Fortune 500 companies responding to the CDP used GHG Protocol directly or indirectly through a program based on GHG Protocol. It provides the accounting platform for virtually every corporate GHG reporting program in the world.
The popularity of GHG Protocol standards is due in part to the widespread stakeholder outreach and consultation that is facilitated by WRI and WBCSD during each standard development project.
Access the document on GHG Protocol here
RE100 is a global corporate leadership initiative bringing together influential businesses committed to 100% renewable electricity. Find the list of the companies here.
Led by The Climate Group in partnership with CDP, RE100’s purpose is to accelerate change towards zero carbon grids, at global scale.
The initiative works to increase corporate demand for – and in turn supply of – renewable energy, by:
Bringing together major companies committed to sourcing 100% renewable electricity globally in the shortest possible timeline (by 2050 at the latest);
Setting the bar for corporate leadership on renewable electricity, holding members to account, and celebrating their achievements to encourage others to follow;
Communicating the compelling business case for renewables to companies, utilities, market operators, policymakers and other key influencers;
Highlighting any barriers to realizing the business and economic benefits of renewable electricity as reported by RE100 members;
Working with RE100 members and in partnership with others to highlight and address policy and market barriers to corporate sourcing of renewable electricity.
Access how to make credible renewable electricity usage claims here
The RE100 report with Capgemini Invent, which draws on 2016-17 data from a sample of 3,500 companies, shows RE100 businesses (committed to 100% renewable electricity) consistently perform better than non-members on two key financial indicators: net profit margin and EBIT margin (Earnings Before Interests and Taxes). The difference is significant (up to 7.7 percentage points), and is true across all sectors (most prominently for IT, telecommunications, construction and real estate).
Access the report here
The Paris Agreement central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. Additionally, the agreement aims to strengthen the ability of countries to deal with the impacts of climate change. To reach these ambitious goals, appropriate financial flows, a new technology framework and an enhanced capacity building framework will be put in place, thus supporting action by developing countries and the most vulnerable countries, in line with their own national objectives. The Agreement also provides for enhanced transparency of action and support through a more robust transparency framework.
Further information on key aspects of the Agreement can be found here.
The International REC Standard provides a standard for energy attribute tracking systems that can be easily implemented so that consumers in all regions of the world can have access to internationally recognized, tradable and reliable electricity attribute tracking certificates (RECs). mGATS collaborates with I-REC to deliver internationally recognized Malaysian RECs.
More information on I-REC can be found here