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Sustainable development

Sustainable Development and the Energy Transition: A Malaysian Perspective

Strategic Insights

— 2 min read

Sustainable development and the energy transition have become a pressing global concern, with various initiatives underway to mitigate the effects of global warming. The oil and gas industry, as a significant contributor to greenhouse gas emissions, is shifting towards more sustainable energy solutions. A recent study by Queen's University in Malaysia explores the perspectives of employees in the national oil and gas company on transitioning to a net-zero carbon future. The research finds that the company has the capabilities and financial resources to significantly contribute to Malaysia's transition to a carbon-neutral nation.

Key Takeaways:

  • The Glasgow United Nations Climate Change Conference of the Parties 26 and the Paris Agreement are key initiatives supporting the drive to protect the planet from global warming through sustainable development.
  • The oil and gas industry must transition to more sustainable energy solutions and play a part in reducing greenhouse gas emissions.
  • Malaysia's national oil and gas company has the capabilities and financial resources to significantly contribute to the country's transition to a carbon-neutral nation.
  • The company is exploring advanced technologies and nature-based solutions to achieve net zero carbon emissions.
  • The study highlights the importance of a coordinated effort to maximize the outcome and minimize the financial impact in terms of economical sustainability.
  • The research presents a modified Delphi study of employees in the national oil and gas company to understand their perceptions towards a net-zero carbon future.

Statistics:

  • The study found that the national oil and gas company has both the capabilities and financial resources to significantly contribute towards Malaysia transitioning to a carbon neutral nation.
  • The company is exploring advanced technologies and nature-based solutions to achieve net zero carbon emissions.
  • The study highlights the importance of a coordinated effort to maximize the outcome and minimize the financial impact in terms of economical sustainability.
  • The research has been peer-reviewed and published in Clean Technologies and Environmental Policy.
  • The study's findings can be applied to other oil and gas companies in Malaysia to support their transition to a net-zero carbon future.

Sources:

  • Source 1: "Public Perception of Transitioning To a Low-carbon Nation: a Malaysian Scenario." Clean Technologies and Environmental Policy, 2022.
  • Source 2: Glasgow United Nations Climate Change Conference of the Parties 26
  • Source 3: Paris Agreement (Paris agreement, United Nations, Paris, 2015)
  • Source 4: Queen's University, Bryden Ctr, David Keir Bldg, Belfast, Antrim, United Kingdom
  • Source 5: Springer, One New York Plaza, Suite 4600, New York, Ny, United States (Springer - www.springer.com; Clean Technologies and Environmental Policy - www.springerlink.com/content/1618-954x/)
  • Source 6: NewsRx LLC, Global Warming Focus, August 22, 2022

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