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Fadillah Yusof UCFS
Asean energy ministers will be deciding on the roadmap when they next meet in Kuala Lumpur, said the deputy prime minister, speaking on the sidelines of Unlocking capital for sustainability Malaysia. The grid will provide a platform for investors with long-term, climate-aligned goals, he added.
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A ship passes Kusu Island off the coast of Singapore, one of the world's busiest shipping routes
To facilitate the shift to low-carbon economies, developing nations must have reliable access to international markets. But regulations such as the EU's Carbon Border Adjustment Mechanism are impeding poorer economies.

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Increasing allocations and giving states more freedom on how they can spend EFT funds could make this mechanism more effective, say conservationists. Malaysia's environmental sustainability minister Nik Nazmi also agrees there is a good basis to make the scheme more permanent, but in-depth discussions must be held with the states, he told Eco-Business.

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