|
Policies to strengthen institutional frameworks includeBog'liq 34. FS-Green-TechnologyPolicies to strengthen institutional frameworks include: the formation of a Green Technology Council and a
Cabinet Committee on Green Technology for high-level policy coordination among ministries, chaired by the
prime minister; the establishment of a Malaysia Green Technology Agency to coordinate and oversee initiatives
and programmes; a review of legal mechanisms and the creation of new legislation that is in line with national
goals; and a revision of institutional clarity so that all agencies are aware of their roles and responsibilities.
Policies to encourage the growth of green technology sectors include: support for higher-learning and research
institutions for R&D; increased foreign and domestic investment; establishment of a Green Technology Fund;
feed-in tariffs legislation to support renewable energy in power generation; and the recognition of green prod-
ucts through standards, ratings and labelling programmes. Various industry programmes inform SMEs about new
green technologies, strategic green technology hubs throughout the country, and funding mechanisms.
Other fiscal incentives for renewable energy include: “pioneer status”, which provides exemptions from income
tax (25 per cent from 2009 onwards) on 100 per cent of statutory incomes for ten years
3
; investment tax allow-
ances on qualifying capital expenditure incurred within five years of the first expenditure; and import duty and
sales tax exemptions for one year on imported machinery, equipment, materials, space parts and consumables
that are used for renewable energy by both importers and third-party distributors.
1
United Nations Department of Economic and Social Affairs, Earth Summit Agenda 21: The United Nations Programme of Action from Rio
(Rio de Janeiro, 1992). Available from www.un.org/esa/dsd/agenda21 (accessed 31 January 2012).
2
United Nations Environment Programme, Environmentally Sound Technologies for Sustainable Development, Revised Draft (Osaka,
Division of Technology, Industry and Economics, 2003). Available from www.unep.or.jp/ietc/techtran/focus/sustdev_est_background.pdf
(accessed 05 March 2012).
|
| |
