Nik Nazmi: Cooperation key in biodiversity conservation

PETALING JAYA: Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad has outlined several new approaches for state governments to enhance the impact of the Ecological Fiscal Transfer (EFT) mechanism designed to help them preserve their forests.

This, he said, includes implementing large-scale and more impactful biodiversity and forest conservation projects through a blended finance approach, which would involve mobilising additional funds from the state government and strategic partners in addition to the EFT allocation.