Episode Summary: In this episode, we're joined by Dr. Afiq Rahmat, an energy transition specialist. We delve into Malaysia's energy transition, focusing on the challenges and opportunities ahead. Dr. Afiq shares his insights on the importance of understanding local energy resources and how they can play a role in the energy transition.

Key Takeaways:

1. Understanding local energy resources: Each region has its unique set of resources. For instance, Sarawak, a state in Malaysia, is rich in hydropower, which could be harnessed for green hydrogen production.

2. Hydrogen as energy storage: While currently used mostly as feedstock for petrochemicals, hydrogen's potential as a clean energy storage system is being explored. This could lead to the development of green and blue hydrogen technologies.

3. Policy and geopolitical considerations: As new technologies emerge, policies and trade routes need to keep pace. Dr. Afiq believes that Sarawak is ahead in establishing commercial constructs for hydrogen use. When federal policies are finally established, they could quickly move forward.

4. Technological advancements and renewable energy transition: With the recent announcement by the Malaysian government signaling increased interest in renewable energy, battery technology could be the next big thing. As demand increases, cost could decrease rapidly, similar to the trend seen with solar energy.

5. Role of businesses and individuals: Both businesses and individuals need to educate themselves about the energy transition, understanding the energy trilemma (security, affordability, and sustainability). They should make well-informed investments and decisions towards renewable energy, considering their local energy resources.

Guest: Dr. Afiq Rahmat an energy economist with a focus on energy and climate policy. He has worked extensively in the energy industry in Malaysia and has a keen understanding of the local energy landscape.

Host: Benjamin Low