Green Technology Annual Report

ANNOUNCEMENT OF GREEN INCENTIVES IN BUDGET 2014 2014 To incentivise the adoption of green technology, GreenTech Malaysia initiates the Green Investment Tax Allowance (GITA) for the purchase of green technology equipment and/or asse t s , and Green I ncome Tax Exemption (GITE) for the provision of green technology services. GREEN ACTION PLAN DEVELOPMENT 2015 GreenTech Malaysia starts to develop st ra teg i c ac t i on p l ans fo r s t a t e g o v e r n m e n t s and organisations as part of NGTP deployment. GOVERNMENT GREEN PROCUREMENT (GGP) AT ALL MINISTRIES 2016 The Government Green Procurement is implemented at all 25 ministries at the Federal Government level. LAUNCH OF GREEN TECHNOLOGY MASTER PLAN (GTMP) 2017 The Green Technology Master Plan (GTMP) is launched at IGEM 2017. Developed by the Ministry of Energy, Green Technology and Water (KeTTHA) and GreenTech Malaysia, it creates a framework to facilitate the mainstreaming of green technology into Malaysia’s development plans. GTMP focuses on six key sectors, namely Energy, Manufacturing, Transportation, Building, Waste and Water, harmonising the policy directions of each sector towards the common goal of creating a low-carbon and resource efficient economy . DEVELOPMENT OF GTFS 2.0 2018 After a successful GTFS programme, GreenTech Malaysia develops an enhanced GTFS 2.0, which includes Energy Service Companies (ESCOs) as a new category of eligible applicants to support investment or assets related to energy efficient and/or energy performance contracting. Since GTFS was introduced in 2010, no less than 28 financial institutions have begun participating in the programme. 2019 In October 2019, GreenTech Malaysia is rebranded as Malaysian Green Technology and Climate Change Centre (MGTC) with an expanded portfolio that includes spearheading climate action for the nation. MGTC will act as a hub for climate change data, policy analysis, reporting and monitoring, coordination of climate change mitigation and climate change adaptation, effectively becoming the executing body for climate change and green technology for the Ministry of Environment and Water . REBRANDING AS MALAYSIAN GREEN TECHNOLOGY AND CLIMATE CHANGE CENTRE MALAYSIAN GREEN TECHNOLOGY & CLIMATE CHANGE CENTRE ANNUAL REPORT 2019 3