Iskandar region – The drawing power

Decrease Font Size Increase Font Size Text Size Print This Page

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak believed the newly launched Iskandar Malaysia Low Carbon Society (LCS) Blueprint has the potential to attract more interest among investors at Iskandar Malaysia as an investment destination.

The prime minister had endorsed the launch of the LCS blueprint at the 13th Iskandar Regional Development Authority (IRDA) members of authorities (MoA) meeting here today.

“Today, the MoA members endorsed the launch of LCS blueprint and we believe this effort has reinforced the investor value proposition of Iskandar Malaysia and would certainly spur the interest and attraction of even more investments into Malaysia,” said Najib.

The blueprint, which was launched at the 18th session of the Conference of parties (COP18) in Doha on Nov 30, has outlined 12-point execution plan to lower Iskandar Malaysia’s carbon intensity emissions by 50 per cent once it reaches maturity in 2025.

Such an initiative has brought together a team of multidisciplinary local and foreign researchers from Kyoto University, the National Institute of Environmental Studies of Okayama University and Universiti Teknologi Malaysia with a view to defining LCS visions and crafting a road map towards LCS at the national and city-regional level.

This is in line with the country’s voluntary commitment to reduce its carbon intensity by up to 40 per cent within eight years (based on 2005 levels) and the research project began with a pilot study of Iskandar Malaysia.

IRDA chief executive, Datuk Ismail Ibrahim said the 12 actions outlined in the blueprint would start being implemented in the first quarter of 2013.

Through the LCS research project (2011-2015), the Malaysia and Japanese research teams have come up with substantial research findings that IRDA has now interpreted into policies that can be implemented-policies and proposals that are both workable and bankable.  –  NST