How has the recent subsidy cut affected Malaysians? According to the International Monetary Fund, in 2011, the bottom 20% received only 7% of the total energy subsidy, whereas the top 20% received 43%. One way to save fuel is to invest in sustainable energy in Malaysia. Energy and fuel subsidies impact environmental sustainability indirectly, by diverting funds that could otherwise be invested in the development of sustainable energy. In the long term, the reliance on fossil fuel will decrease and sustainable energy could monopolize the energy market.
How can the subsidy cut be eased for lower income groups? What is being done to push the alternative fuel market?
Hear & Now in Malaysia is produced in collaboration with the Economic Transformation Programme.