China encourages green financing in Malaysia through BRI

THE prevalence of green financing in Asia has increased substantially over the years, following the region’s pledge to commit to net-zero goals since the launch of the Paris Agreement in 2015.

At the recent COP26 summit, countries reached an agreement to prevent worsening and irreversible climate change impacts. According to the United Nations Economic and Social Commission for Asia and the Pacific (Unescap), Asia and the Pacific region requires an estimated US$1.5 trillion (RM6.34 tirllion) per year to achieve the United Nations Agenda for Sustainable Development Goals (SDGs) by 2030.