Macroeconomic Indicators for Electrical Consumption Demand Model in Malaysia
Malaysia has pledged to reduce carbon emissions by 45% in year 2030 and to attain a completely carbon neutral status by year 2050. For those purposes, substantial measures and policies have been implemented geared towards green growth and sustainability, as stipulated in the 9th, 10th, and 11th Malaysia Plans commencing from 2006 until 2020. Nevertheless, it is indeed a challenge in striking to achieve these targets due to reported increment in the total final energy consumption by 30% from 2010 until 2014.