EECA 2023: Does it Affect Your Firm?

(Qualification - This is a generic extract. Pls consult Energy Commission, your lawyer or registered Energy Auditor or Manager for a detailed interpretation of the clauses applicable in your case)

For heavy power consuming building, with scope 4 and 5 emission, EECA is likely to be applicable.

Key provisions are as follows:

1. There are 2 penalties, for non-compliance:

A. RM50k, for consumer/vendor

B. RM20k, for auditor

2. Every building covers under EECA will need an "Energy Intensity Label" which must be openly displayed.

3. Energy efficiency (EE) cert and EE rating label is required for all energy-using equipment.

Surprisingly, this climate Act (with penalty to serve as a #carbontax as well?) does not require carbon accounting though its intent is also for #decarbonization, a criteria to every #esg public reporting where energy usage is normally a material disclosure!