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Friday, October 25, 2013
Green Energy incentive for budget 2014
In tabling the 2014 Budget in the Dewan Rakyat today, he said the government was committed to providing a clean, safe, and healthy environment for the present and future generations.
Among the programmes to be implemented towards this end are the National Carbon Reporting Programme or MyCarbon by the corporate sector, establishment of a National Conservation Trust Fund for conservation of degraded areas and permanent forest reserves, as well as natural resource management.
"To strengthen development of green technology, the government will provide investment tax allowance for the purchase of green technology equipment and income tax exemption on the use of green technology services and system," he said.
Najib, who is also Finance Minister, said to encourage a green lifestyle, the Malaysian Green Foundation would be established to promote and enhance the use of green technology by the corporate sector and the general public.
"For this, a launching grant of RM15 million will be provided to the foundation," he added.
On efforts to improve efficiency and electricity energy conservation, he said, the government would undertake energy audits as well as install retrofit in ministry buildings.
For 2014, five ministries, namely the Health Ministry, Youth and Sports Ministry, Human Resource Ministry, Domestic Trade, Cooperatives and Consumerism Ministry and the Agriculture and Agro-based Industry Ministry had been identified for implementation of the initiative, he added.
Apart from that, he said, the government would also install solar panels on rooftops of ministry buildings as well as replace existing lights with LED lights in stages. -- BERNAMA