Malaysia is set to enhance its energy sector by adopting successful practices from China, says Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof.
Speaking at the conference's opening ceremony on Monday (Dec 2), Fadillah, who also serves as Deputy Prime Minister, highlighted the importance of close collaboration between Malaysian companies and China, emphasising that such partnerships provide local firms with opportunities to leverage advanced technologies for sustainable growth.
Looking ahead, Fadillah noted that the Malaysia-China partnership will continue to evolve, focusing on key areas such as green technology, digital innovation, and sustainable development.
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00:00As the Minister responsible for Energy Transition and Water Transformation,
00:15I have been rather impressed by China's efforts in advancing its energy transition
00:21within the framework of its new economic development.
00:26According to the International Energy Agency, or IEA, China has achieved significant milestones,
00:33with renewable energy capacity expanding at an approximate annual rate of 12%
00:40and the number of electric vehicles on the road growing by roughly 20% each year.
00:47These efforts offer Malaysia a chance to learn and adopt best practices
00:53for a fair and equitable energy transition, aligning with the National Energy Transition Roadmap.
01:00In fact, during our Prime Minister's visit to China in June this year,
01:08to commensurate 50 years of bilateral diplomatic ties between Malaysia and China,
01:15clean and renewable energy were among the areas of cooperation identified in the 14 bilateral MOUs signed.
01:24Therefore, I see vast openings and opportunities for our energy players
01:30to explore new technological advancement and innovative solutions.
01:36This strategic collaboration and partnership present vast opportunities for our energy sector
01:43to leverage technological advancements from China to drive sustainable energy sector growth in Malaysia.
01:52Ladies and gentlemen, another cornerstone of our partnership lies in education.
01:58Under Malaysia's MADANI framework, we have sent hundreds of students to China to pursue world-class education,
02:06especially in technical and vocational training, or TVET.
02:11Just recently, 200 Malaysian students were given the opportunity to gain expertise in cutting-edge fields
02:19such as artificial intelligence and cyber security.
02:24Additionally, the establishment of Zerman University, first overseas campus in Malaysia,
02:30marks a new chapter in educational collaboration.
02:33Offering courses in English, this initiative provides Malaysian students greater access
02:40to quality education while fostering deeper cultural and academic ties.
02:47As we look to the future, the partnerships between Malaysia and China will continue to evolve.
02:54I foresee that emerging sectors such as green technology, digital innovation,
03:01and sustainable development shall become areas of focus.
03:05Trade liberalisation and economic globalisation will be key drivers in this evolution.
03:14China's increasing technological adoption, particularly in areas like artificial intelligence,
03:22blockchain and the Internet of Things, set a precedent that Malaysia can follow
03:27to enhance its own technical landscape.
03:31Our strategic collaboration with China will enable us to leverage their technological advancement
03:37to drive sustainable growth in Malaysia.
03:40These partnerships will also promote trade liberalisation,
03:44allowing both nations to benefit from shared innovations and economic opportunities.
03:52These efforts align closely with this year's WAPC theme,
03:58Promote trade liberalisation and advance economic globalisation.
04:04By embracing sustainability and technological innovation,
04:09we can navigate the complexities of global economy
04:13and build a resilient and equitable future for all.
04:18To Deputy Prime Minister Dato' Sri Manila,
04:20let us together witness this great moment,
04:22marking the 15th anniversary of Malaysia-China Economic Relations
04:27and the first ever hosting of the World Exposition President's Conference in Kuala Lumpur.