The momentum on climate action has gained pace in Malaysia in the past year, with new government-led directives and national roadmaps launched to accelerate the energy transition and spur investments into the country’s burgeoning green economy.
But challenges remain — as the federal government races to table a climate change bill by 2025, it has had to navigate the demands of different stakeholders. Amid concerns about rising costs of living and a weaker ringgit, Malaysia’s leaders are under pressure to implement economic reforms. Can policymakers respond to these competing demands, and ensure that the nation’s climate agenda stays on track?
Malaysian corporates are also grappling with increasing climate-related disclosures and sustainability reporting standards. A large swathe of smaller- and medium-sized enterprises (SMEs) urgently need capacity building and lack resources to keep up with ever-evolving standards. What role can public-private partnerships play in addressing the capacity gap, and will Malaysia’s nascent carbon marketplace, the Bursa Carbon Exchange, help mobilise large scale financing for the country’s decarbonisation?
This year’s Malaysian edition of Unlocking capital for sustainability seeks to bring together leaders across government, private sector, academia and civil society to shed light on these questions and explore the way forward.
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