Western European countries are working towards phasing out internal combustion engine vehicles, with Sweden and Netherland being the pioneers. Germany is expected to do so by 2030 and China by 2040.


These major markets would decide the forms of renewable energy, and fossil fuels prices would likely remain stagnant even though they would not be totally phased out within the next few decades.


So, where is Malaysia headed? While it is an oil and gas-rich tropical country, it should view agro-based green energy, hydrogen fuels, solar energy and wind energy as our next economic frontier.


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