LIMA, 16 August - Malaysia emphasises the need for public-private partnership (PPP) in driving a sustainable and inclusive energy transition in the Asia Pacific.

Deputy Prime Minister Datuk Seri Fadillah Yusof informed that PPP is important to mobilise resources, expertise and innovation to realise the mission.

He explained that the success of several PPPs created by Malaysia can be a reference for the Asia Pacific Economic Cooperation (APEC).

These include the Net Energy Metering Programme (NEM) and the Large Scale Solar Programme (LSS).

"Public-private partnerships are essential in this energy transition effort. The development and implementation of clean energy solutions can be accelerated by creating a supportive environment.

"It is implemented through a regulatory framework that provides stability and predictability to investors in addition to creating an innovation ecosystem through research and development," said Fadillah.

He said this at the APEC 2024 Energy Ministers' Meeting (EMM), here.