KUALA LUMPUR – Malaysia’s National Energy Efficiency Policy and Action Plan 2026-2035 (NEEAP 2.0) is expected to spur a surge in compliance-focused corporate spending as the country transitions from voluntary conservation measures to mandatory requirements backed by fines of up to RM 50,000 under the Energy Efficiency and Conservation Act 2024. The 10-year roadmap, which aims to reduce energy demand by 12% and save RM 85 billion in total costs by 2035, is based on an estimated RM 37 billion in total investments, with private-sector funding accounting for 99% (RM 36 billion), directly benefiting cooling specialists, solar EPCC providers, and energy management firms.
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(Source: The Star)
