Tuesday, July 15, 2008

"Oil phase-out in Sweden"...

I saw the debate between DSAI and the Information minister today on TV. It's interesting to watch this debate as they pointed out their opinions and thoughts on the issue of oil price in Malaysia and its impact towards the government, Petronas and the Rakyat.

But what's next? Personally, I feel the points raised and discussed were too shortsighted. It was a political stage. Nevertheless, it's a good start I guess. They should organise more healthy debate like this in the future.

I stumbled upon this wiki piece (http://en.wikipedia.org/wiki/Petroleum_phase-out). It's about how Sweden wants to be the first country to break its dependence from petroleum. The major phase out is targeted by the year 2020, the same year Malaysia targets to become a developed country. Part of their plan, is to use telecommunication services as one of the enabler for carbon free economy.

I've blogged about the opportunities of doing Carbon trading for governments. Since the oil price went up in Malaysia, we've witnessed tremendous change in people's behaviour. Particularly in the increase of public transportation usage.

It was also stated in the NST that petrol dealers in Malaysia are experiencing a drop in sales volume as much as 10%-12%. I don't know how much carbon savings we can get from this drop.

If only we could measure, report and verify (MRV) the savings. We can start to trade carbon credits in the carbon exchange. If we can realised these gains and pass it on to the citizens, I wouldn't mind any kind of oil price hike. The higher the better!

took this picture from here, a portal where I posted the carbon trading idea

I like the Swedish government's idea of being oil independent. Their government shows great emphasis in creating a carbon free economy. It's difficult for Malaysia as the government depends on oil revenue as a major source of income. Can we be carbon free domestically, but at the same time explore and sell oil to the rest of the world? Hhmm......Malaysia Boleh!..kut?

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