News Update
Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.
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| Malaysia sets up RE Fund |
| Manila Bulletin, 11 July 2011 |
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To propel the enforcement of its feed-in-tariff system for renewable energy project developments, the government of Malaysia has pushed for the creation of RE Fund that it would be able to earmark and utilize to subsidize power capacity sourced from the nascent sector. Cash accrual into the proposed RE Fund will be realized through the imposition of 1.0 percent increase in the bills of its electricity consumers – as based on a tariff review made by Malaysia’s industry regulator.
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