Sarawak: Unfolding its Business Potentials
Keynote Address
by:
The Right Honourable Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg
Premier of Sarawak
Sarawak's Vision for Sustainable Development: A Focus on Green Energy and Food Security
In a recent address, Sarawak's leaders outlined an ambitious vision for the state's future, emphasizing sustainable development through innovative policies in green energy and agriculture. Positioned as a high-income state by the World Bank, Sarawak now aims to translate economic success into tangible benefits for its people while addressing global challenges such as climate change and food security.
Green Energy Innovation
Central to Sarawak's strategy is its commitment to green energy, particularly hydrogen production. Recognizing the global imperative to reduce carbon emissions, Sarawak has embarked on pioneering efforts to harness hydrogen as a clean energy source. With abundant natural resources including rivers and consistent rainfall, Sarawak is well-suited for hydrogen production using electrolysis, a process that splits water into hydrogen and oxygen. Recent advancements in technology have enabled Sarawak to significantly reduce the energy consumption required for hydrogen production, positioning hydrogen as a competitive alternative to fossil fuels like diesel.
The state's ambitious targets include producing 240,000 tons of hydrogen annually by 2032, with plans for significant exports to countries like Korea and Japan, thus contributing to international efforts to decarbonize their economies.
Securing Food Sustainability
Beyond energy, Sarawak is equally focused on enhancing food security through agricultural advancements. With substantial arable land and a collaboration with Universiti Putra Malaysia, Sarawak aims to optimize rice production, leveraging innovative farming techniques to increase yields. The goal is to achieve self-sufficiency in rice production and potentially become a net exporter in the future, contributing to regional food security amidst global climate challenges affecting traditional rice-producing countries.
Investment in Human Capital
Recognizing that sustainable development hinges on skilled human capital, Sarawak has prioritized education and talent development. Plans to offer free tertiary education by 2026 in Sarawak's universities underscore the government's commitment to equipping its citizens with the necessary skills for emerging industries such as semiconductor technology and aerospace engineering.
“And by 2026, it is the desire of the Sarawak government to give free tertiary education in Sarawak universities to all Sarawakians. Regardless of the background, the racial background, respect for whatever background, as long as they go “K” in their IC. If they have “K” IC, they are given free education.” – Premier of Sarawak, The Right Honourable Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg
Collaborations with international institutions and industry leaders aim to position Sarawakians at the forefront of technological advancements in these sectors.
Legal and Regulatory Frameworks
Supporting these initiatives are robust legal frameworks governing carbon capture, utilization, and storage (CCUS), as well as carbon trading. Sarawak's proactive stance includes collaboration with global entities like the World Bank to establish protocols for transboundary carbon trading, ensuring that its efforts in environmental sustainability adhere to international standards.
Looking Ahead
As Sarawak continues to forge ahead on its path of sustainable development, stability in governance and a clear alignment with Sustainable Development Goals (SDGs) provide a solid foundation for future growth. The state's openness to international partnerships underscores its commitment to collective action in addressing climate change as a global challenge.
In conclusion, Sarawak's multifaceted approach to sustainable development through green energy innovation, agricultural productivity, and human capital investment sets a promising precedent for regions worldwide grappling with similar issues. By leveraging its natural resources and fostering a conducive regulatory environment, Sarawak aims not only to sustain its economic success but also to contribute meaningfully to global efforts towards a sustainable future.
