Malaysia Signatory to Paris Agreement: What It Means for the Country and the World
In 2015, the Paris Agreement was signed by 195 countries, including Malaysia, as a global effort to combat climate change. The agreement aims to limit global warming below 2 degrees Celsius and pursue efforts to limit it to 1.5 degrees Celsius. Malaysia`s participation in the Paris Agreement is significant as the country is considered one of the biggest emitters of greenhouse gases in Southeast Asia.
As a signatory to the agreement, Malaysia is committed to reducing its carbon footprint and transitioning towards cleaner, more sustainable practices. The country has pledged to reduce its greenhouse gas emissions intensity by 45% by 2030, compared to 2005 levels. To achieve this goal, Malaysia has implemented several initiatives such as carbon pricing and renewable energy targets.
One of Malaysia`s most significant moves towards achieving its Paris Agreement targets is the launch of the Net Energy Metering (NEM) system in 2019. The NEM scheme encourages households and businesses to generate renewable energy by allowing them to sell excess energy back to the grid. This initiative is not only crucial in reducing the use of non-renewable energy sources but could also significantly reduce energy costs for consumers.
Malaysia`s participation in the Paris Agreement also has global implications. The agreement is a crucial step in mitigating the effects of climate change and reducing global greenhouse gas emissions. As one of the largest emitters in Southeast Asia, Malaysia`s commitment to reducing its carbon footprint sets an example for other countries in the region.
However, Malaysia`s transition towards sustainable practices has not been without challenges. The country`s reliance on fossil fuels and its lucrative palm oil industry, which has faced criticism for contributing to deforestation and environmental degradation, pose significant obstacles to achieving its Paris Agreement targets.
Despite these challenges, Malaysia`s participation in the Paris Agreement and its efforts towards sustainable practices are commendable. The country`s commitment to reducing its carbon footprint and transitioning towards renewable energy sources is critical in mitigating the effects of climate change.
In conclusion, Malaysia`s signatory to the Paris Agreement is a significant step towards combating global warming and reducing the effects of climate change. The country`s pledge to reduce its greenhouse gas emissions and transition towards sustainable practices is crucial, not only for the country but also for the rest of the world. While there are challenges to overcome, Malaysia`s commitment to this global effort is commendable and sets an example for other countries to follow.