Ecowatch: Malaysia is working on its own green funds

While there is capital available to Malaysian companies for green and climate projects, access and bankability are issues that prevent wider take up. — 123rf

WITH much of the climate finance under the COP (Conference of Parties to the Climate Agreement) framework still tied up (see "When climate aid falls short"), Malaysia, like other developing countries, will have to look elsewhere for immediate green funds.

Bank Negara Malaysia governor Datuk Abdul Rasheed Ghaf-four explained why it is particularly urgent for Malaysia to do so in the speech he gave at the Joint Committee on Climate Change Journey to Zero Conference in 2023: 25% of Malaysia’s population could be displaced due to climate change by 2030.