KUALA LUMPUR: Climate finance is crucial for meeting ambitious targets and fostering positive change, thereby ensuring a more sustainable and equitable future, says Datuk Seri Fadillah Yusof.
The Deputy Prime Minister , who also serves as Energy Transition and Water Transformation Minister, said Malaysia welcomes international partnerships and investments supporting the country's energy transition and broader climate objectives.
Fadillah noted that mobilising capital for a just transition offers a unique opportunity for long-term economic growth, enhanced social equity and increased investor confidence."The Intergovernmental Panel on Climate Change continues to issue stark warnings about the accelerating impacts of climate change.
He also reiterated the government's commitment to steering Malaysia towards a more sustainable future, including raising the renewable energy capacity target to 70 per cent by 2050, up from the previous 40 per cent target by 2035.Additionally, the government plans to introduce a ‘Corporate RE Supply Scheme’ in September, allowing corporate entities to directly source green electricity from third-party RE generators.
Climate Finance Sustainable Future Deputy Prime Minister Fadillah Yusof Energy Transition Malaysia Climate Objectives Climate Finance Summit 2024 Renewable Energy International Partnerships Financial Institutions Green Electricity National Energy Efficiency Action Plan Climate Resilience Malaysia Financial Sector Blueprint
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