Promoting Energy Security in the Region

Abstract

Due to the pressing need for industrialisation and urbanisation and the escalating energy needs, many countries have started to develop renewable energy as part of the energy mix. However, the existing power generation is not diversified enough to fulfil the increasing energy demands. Malaysia has introduced specific laws on renewable energy, yet its contribution is insignificant. In comparison, Germany has set ambitious law policies for maximising renewable energy in the energy mix and increasing it up to 100% towards 2050. This chapter demonstrates German initiatives to transition from both legal and economic perspectives to achieve this ambition. The most significant measures for achieving renewable transition are also discussed for Malaysia to learn from. A PESTLE analysis is provided in this chapter focusing the political (P), economic (E), social (S), technological (T), legal (L), and environmental (E) factors that contribute to renewable energy development in Germany.