Malaysia needs to double its investment in renewable energy transition to at least US$375 billion to meet its ambitious goal of becoming carbon neutral by 2050, the International Renewable Energy Agency (IRENA) said on Thursday. This would reduce energy-related emissions by up to 60%, avoid cumulative energy, climate and health cost savings of $9 billion to $13 billion annually, and phase out fossil fuel subsidies. Investment must come from private investment and from abroad, including multilateral financial institutions, bilateral and regional arrangements.

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The European Commission has donated 40 generators to Ukraine from the emergency rescEU reserve of the EU Civil Protection Mechanism. This 220 kVA generator powers the entire hospital. The European Union continues to provide humanitarian assistance to Ukraine, which includes energy supplies, shelter items, first aid kits and other items.

Published in Blog EN