The implication of feed-in tariff funding structure and the sustainability of renewable energy in Malaysia
With the anticipated increase in energy use and its implication toward sustainable development, Malaysia has put renewable energy at the forefront of Malaysia's energy policy to address environmental issues such as climate change and fossil fuel depletion. Drawing from successful case-studi...
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/14221/1/The_Implication_of_Feed-In_Tariff_Funding_Stucture_and_Sustainability_of_Renewable_Energy_in_Malaysia_%28slide%29.pdf |
| _version_ | 1796946705804951552 |
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| author | Yusoff, S. Syafiq Rosli, A. |
| author_facet | Yusoff, S. Syafiq Rosli, A. |
| author_sort | Yusoff, S. |
| collection | UM |
| description | With the anticipated increase in energy use and
its implication toward sustainable development, Malaysia has
put renewable energy at the forefront of Malaysia's energy
policy to address environmental issues such as climate change
and fossil fuel depletion. Drawing from successful case-studies
from around the globe, Malaysia implemented its own version
of the Feed-in Tariff (FIT) mechanism in a bid to achieve
energy security and environmental prosperity. After three
years of success, the growth of the renewable energy market
under FIT is under threat due to the small size of the
Renewable Energy Fund. Since FIT is funded by electricity
consumers, they would need to make a larger contribution to
address the issue. The question remains on whether the
Malaysian public is willing to pay more. Previous literatures
from Europe suggested that large segments of the general
population are willing to pay for green electricity. More
importantly, existing literatures have mixed reviews on
whether attitude towards environment affects WTP. Using
theory of planned behavior (TPC), the NIMBY (not-in-mybackyard)
attitude towards environment was highlighted in
several studies, especially in Malaysian literatures. The
application of contingent valuation method (CVM) was
demonstrated in literatures from Europe and the United
States. However, Malaysian literatures lacks the use ofCVM in
their WTP investigations. Finally, recommendation for future
studies on WTP for green electricity in Malaysia was put forth
with an emphasis on the use of TPC and CVM approach. The
outcome of such study would give policy-makers the
quantitative evidence to justify any changes to the FIT funding
structure |
| first_indexed | 2024-03-06T05:35:52Z |
| format | Conference or Workshop Item |
| id | um.eprints-14221 |
| institution | Universiti Malaya |
| language | English |
| last_indexed | 2024-03-06T05:35:52Z |
| publishDate | 2015 |
| record_format | dspace |
| spelling | um.eprints-142212015-10-22T02:44:27Z http://eprints.um.edu.my/14221/ The implication of feed-in tariff funding structure and the sustainability of renewable energy in Malaysia Yusoff, S. Syafiq Rosli, A. TD Environmental technology. Sanitary engineering With the anticipated increase in energy use and its implication toward sustainable development, Malaysia has put renewable energy at the forefront of Malaysia's energy policy to address environmental issues such as climate change and fossil fuel depletion. Drawing from successful case-studies from around the globe, Malaysia implemented its own version of the Feed-in Tariff (FIT) mechanism in a bid to achieve energy security and environmental prosperity. After three years of success, the growth of the renewable energy market under FIT is under threat due to the small size of the Renewable Energy Fund. Since FIT is funded by electricity consumers, they would need to make a larger contribution to address the issue. The question remains on whether the Malaysian public is willing to pay more. Previous literatures from Europe suggested that large segments of the general population are willing to pay for green electricity. More importantly, existing literatures have mixed reviews on whether attitude towards environment affects WTP. Using theory of planned behavior (TPC), the NIMBY (not-in-mybackyard) attitude towards environment was highlighted in several studies, especially in Malaysian literatures. The application of contingent valuation method (CVM) was demonstrated in literatures from Europe and the United States. However, Malaysian literatures lacks the use ofCVM in their WTP investigations. Finally, recommendation for future studies on WTP for green electricity in Malaysia was put forth with an emphasis on the use of TPC and CVM approach. The outcome of such study would give policy-makers the quantitative evidence to justify any changes to the FIT funding structure 2015 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.um.edu.my/14221/1/The_Implication_of_Feed-In_Tariff_Funding_Stucture_and_Sustainability_of_Renewable_Energy_in_Malaysia_%28slide%29.pdf Yusoff, S. and Syafiq Rosli, A. (2015) The implication of feed-in tariff funding structure and the sustainability of renewable energy in Malaysia. In: 9th International Conference on Researches in Engineering Technology and Sciences (ICRETS), 17-18 September 2015, London Imperial College, United Kingdom. |
| spellingShingle | TD Environmental technology. Sanitary engineering Yusoff, S. Syafiq Rosli, A. The implication of feed-in tariff funding structure and the sustainability of renewable energy in Malaysia |
| title | The implication of feed-in tariff funding structure
and the sustainability of renewable energy in
Malaysia |
| title_full | The implication of feed-in tariff funding structure
and the sustainability of renewable energy in
Malaysia |
| title_fullStr | The implication of feed-in tariff funding structure
and the sustainability of renewable energy in
Malaysia |
| title_full_unstemmed | The implication of feed-in tariff funding structure
and the sustainability of renewable energy in
Malaysia |
| title_short | The implication of feed-in tariff funding structure
and the sustainability of renewable energy in
Malaysia |
| title_sort | implication of feed in tariff funding structure and the sustainability of renewable energy in malaysia |
| topic | TD Environmental technology. Sanitary engineering |
| url | http://eprints.um.edu.my/14221/1/The_Implication_of_Feed-In_Tariff_Funding_Stucture_and_Sustainability_of_Renewable_Energy_in_Malaysia_%28slide%29.pdf |
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