We supported the Securities Commission Malaysia to conduct expert consultations (focus group discussions & follow up 1-to-1 interviews) with Malaysian industry stakeholders from the following sectors:

1. Energy
2. Construction & Real Estate
3. Transport & Storage

The objective of the consultation was to obtain clear, synthesised feedback from Malaysian industries on the Technical Screening Criteria (TSC) proposed in interations of the ASEAN taxonomy, and how ambitious yet achievable these criteria are to enable seamless adoption by Malaysian financial institutions when offering sustainable financing.

We supported the Northern Corridor Implementation Authority (NCIA) to develop a strategy to increase RE availability and adoption for industrial park tenants in the Northern Corridor Economic Region (NCER). This would inform NCER's strategy for the 13th Malaysia plan (RMK13).

 

The project involved screening of overall RE potential for the industrial parks, intensive mapping of solar as the economically and physically most feasible source of RE, consultation with industry stakeholders, regulators, etc. and detailed quantification of cost and impact of:

1. Rooftop solar via NEM and SELCO 
2. Centralised battery energy storage systems (BESS)
3. Green electricity procurement via the CRESS mechanism

We are currently partnering with the Tara Climate Foundation to develop a pilot program for the newly introduced Community Renewable Energy Aggregation Mechanism (CREAM).

 

CREAM enables solar providers to lease rooftops from households to install solar and sell the green electricity to private offtakers. This is a more sustainable alternative to traditional solar farms, which typically use land that can otherwise be preserved e.g., for forestry or utilised more productively e.g., for agriculture. 

 

The process of developing the pilot and templates of legal contracts, communication materials, etc. used will be published as open-source materials to help companies adopt the mechanism more effectively in the future.