Green Or Clean Technology: Green And Green Technology

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Green Technology or Clean Technology Innovation In a recent year, green technology also known as clean technology has been famous among people around the world. Green or clean or environmental technology has been recognized as important to improve the environment. Adopting the clean technology into the latest technology is one of the initiative to reduce climate change. In general, clean or green technology are methods, products or services that can reduce effect of human activities on the environment. (Nitta, 2007) According to KeTTHA (2012), the general criteria of green technology as follow: • Reduce or minimize degradation to the environment; • Has zero or low greenhouse gas (GHG) emission; • Conserves the use of energy and natural resources; …show more content…

The issue that was discussed by authors in this article is about the analysis that shows a positive journey of green and low carbon technology innovation from England, West Europe, North American, and also the developing countries like Asia and Africa. It is really helpful for researchers to have full understanding of green and low carbon development roadmap; and the green and low carbon technology research subjects are multi-perspective and multi-disciplinary, which covers management, environmental science, energy and fuels, economics and social behavior (Shi & Lai, 2013). Other articles examined the innovation development in green technology in Malaysia. The authors concluded that industries in Malaysia are still on the right track in the green technology development. Malaysia also should improve the innovation model to sustain the green technology development for the long time period (Puvanasvaran, Zain, Al-Hayali, & Mukapit, …show more content…

Dato’ Seri Najib Tun Abdul Razak, the Prime Minister of Malaysia was appoint the Green Tech Malaysia as a pipeline for GTFS application. RM 1.5 billion is allocated for development and the government will subsidize two percents (2%) of the total interest. This fund provides soft loans to companies that supply and utilize green technology into their businesses. Table 1 shown the criteria of GTFS (Noor, 2011). Table 1: Green Technology Financial Scheme (GTS) FEATURES PRODUCER OF GREEN TECHNOLOGY USER OF GREEN TECHNOLOGY Financing size Maximum: RM50 million per company Maximum: RM10 million per company Financing tenure Up to 15 years Up to 10 years Eligibility criteria Legally registered Malaysian -owned companies (at least 51%) in all economic sectors Legally registered Malaysian -owned companies (at least 70%) in all economic sectors Participating financial institutions (PFIs) All commercial and Islamic banks. GFIs: Bank Pembangunan, SME bank, Agrobank, Bank Rakyat, EXIM bank and Bank Simpanan Nasional (Listing of commercial banks and Islamic banks from Bank Negara Malaysia

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