The economy growth is always the attention focal point to all country. However, the economy growth impacts the protecting environment and vice-versa. The contradiction between the environment and the development of economy are getting more serious. The low carbon economy should be one of the future choice for sustainable development. This study attempts to examine the reduction of carbon dioxide (CO2) emission through different scenarios of economic growth and renewable energy mixed. There are three scenarios developed, namely Business-As-Usual (BAU), Ambitious 1 (AMB 1) and Ambitious 2 (AMB 2). Scenario analysis method and Long-range Energy Alternatives Planning System (LEAP) model were employed in this study. The results show AMB 1 was the most ideal scenario to strike the balance between economic development and environmental sustainability. It is recommended that power generation sector should opt for more renewable energy such as biomass, solar pv and small hydropower. In addition, integration between government agency, suppliers’ and consumers’ were needed to achieve Malaysia’s commitment to reduce carbon emission.
Aslani, A., & Wong, K. F. V. (2014). Analysis of renewable energy development to power generation in the United States. Renewable Energy, 63, 153-161.
Chen, L., Yang, Z., & Chen, B. (2013). Scenario analysis and path selection of low-carbon transformation in China based on a modified IPAT model. PloS one, 8(10), e77699.
Diesendorf, M. (2007). Greenhouse solutions with sustainable energy (Vol. 20, No. 1). Sydney: University of New South Wales Press.
Energy Commission Malaysia. (2016). Malaysia Energy Statistics Handbook 2016. Kuala Lumpur: Energy Commission.
Gorniak, J., & Kossowska, M. (2013). Study of Competences-Power Sector-Final Research Report.
Gu, B., Tan, X., Zeng, Y., & Mu, Z. (2015). CO2 Emission Reduction Potential in China's Electricity Sector: Scenario Analysis Based on LMDI Decomposition. Energy Procedia, 75, 2436-2447.
Heaps, C. G. (2016). Long-range Energy Alternatives Planning (LEAP) system. [Software version: 2018.1.2] Stockholm Environment Institute. Somerville, MA, USA.
https://www.energycommunity.org
INDC Malaysia. (2015). Intended Nationally Determined Contribution (INDC) of the Government of Malaysia. Submitted to the United Nations Framework Convention on Climate Change in 2015.
Islas, J., Manzini, F., & Martinez, M. (2002). Renewable energies in electricity generation for reduction of greenhouse gases in Mexico 2025. AMBIO: A Journal of the Human Environment, 31(1), 35-39.
KeTTHA. (2009). National Renewable Energy Policy & Action Plan (NREPAP). Malaysia: KEMENTERIAN TENAGA, TEKNOLOGI HIJAU DAN AIR (KeTTHA).
Lemaire, X. (2004). Glossary of terms in sustainable energy regulation. Renewable Energy and Efficiency Partnership, Centre for Management under Regulation, Warwick Business School, University of Warwick.
Levy, C. (2010). A 2020 Low Carbon Economy A Knowledge Economy Programme Report. The Work Foundation.
Nakata, M., Oda, J., Heaps, C., & Von Hippel, D. (2003). Carbon Dioxide Emissions Reduction Potential in Japan’s Power Sector—Estimating Carbon Emissions Avoided by a Fuel-Switch Scenario. Prepared for WWF-Japan.
NRCAN. (2016). Key concepts: energy efficiency. Retrieved December 16, 2017, from http://www.nrcan.gc.ca/energy/efficiency/buildings/eeb/key/3967
Pambudi, N. A., Itaoka, K., Kurosawa, A., & Yamakawa, N. (2017). Impact of Hydrogen fuel for CO2 Emission Reduction in Power Generation Sector in Japan. Energy Procedia, 105, 3075-3082.
Regions for Sustainable Change (2013): Indicators toolkit. Available on
http://www.rscproject.org/indicators/index.php?page=low-carbon-economy. Accessed April 2013.
Rinkesh. (2017). What was Sustainable Energy and its types. Retrieved December 16, 2017, from https://www.conserve-energy-future.com/sustainableenergy.php
Selvakkumaran, S., Limmeechokchai, B., Masui, T., Hanaoka, T., & Matsuoka, Y. (2014). An explorative analysis of CO2 emissions in Thai Industry sector under Low Carbon Scenario towards 2050. Energy Procedia, 52, 260-270.
Swiatowy, B. (2011). Transition to a Low-Emissions Economy in Poland. The World Bank Poverty Reduction and Economic Management Unit, Waszyngton.
TCFD (2017, June). Technical Supplement: The Use of Scenario Analysis in Disclosure of Climate-related Risks and Opportunities (June 2017). Retrieved from https://www.fsb-tcfd.org/publications/final-technical-supplement/
Wang, C., Cai, W., Wang, K., Zhang, Y., & Chen, J. (2007). Scenario analysis on CO2 emissions reduction potential in China's electricity sector. Energy Policy, 35(12), 6445-6456.
Wang, D., Nie, R., & Shi, H. Y. (2011). Scenario analysis of China's primary energy demand and CO2 emissions based on IPAT model. Energy Procedia, 5, 365-369.
Xu, M., & Han, W. (2012). Pathways to a low-carbon economy for Inner Mongolia, China. Procedia Environmental Sciences, 12, 212-217.
In-Text Citation: (Liwan et al., 2019)
To Cite this Article: Liwan, A., Hassan, M. K. H., Hui, J. K. S., Hamdan, R., Hwang, J. Y. T., & Kok, C. (2019). Transition to Low Carbon Economy through Carbon Dioxide Emission Reduction in Power Generation Sector in Malaysia. International Journal of Academic Research in Business and Social Sciences, 9(7), 246–258.
Copyright: © 2019 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
