ABSTRACT

This chapter describes Malaysia's approach in confronting the multifaceted challenges of sustainable development by surveying four thematic policy objectives. These are conserving the environment, merging environment and development, combating climate change, and building a green economy. The green economy or green growth model is largely a reaction to the 'Triple F' crises which struck the globe from 2006 to 2009. It demands a sharp reduction in carbon intensity in order to revitalise the ailing world economy on a more sustainable basis. Also in 2009, Malaysia announced a new development policy framework called the New Economic Model. It outlined the three-pronged goals of inclusiveness, high income and sustainability in powering the nation to graduate to high-income status by 2020. Green technology is earmarked as an important driver for the twin goals of high income and sustainability. By addressing the objectives of combating climate change and building a green economy, Malaysia is acting as a responsible citizen of the planet.