Malaysia launches climate finance innovation lab to boost green solutions
Kuala Lumpur (VNA) – Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) on June 18 announced the launch of the Climate Finance Innovation Lab (CFIL), a groundbreaking initiative aimed at promoting innovative financial solutions in the fight against climate change.
Singapore to start deploying funds for clean energy infrastructure in Asia: MAS
SINGAPORE – Singapore will in the coming months be ready to deploy part of the US$500 million (S$646 million) it had set aside as initial funding for green projects in the region, with the set-up of a new office to advance a scheme announced in 2023.
ADB ready to allocate up to US$10 billion for the ASEAN transnational power grid
At the 58th Annual Meeting of the Asian Development Bank (ADB), the President of the ADB stated that one of the bank’s key goals is sustainable energy. Specifically, the ADB is ready to allocate up to $10 billion for the creation of the ASEAN Transnational Power Grid. What is this grid, and why is it […]
Governments, insurers and innovative finance needed to reduce risks of Asean power grid
SINGAPORE – An Asean-wide electricity grid could result in cheaper, cleaner electricity for people across the region. But poor grid connectivity between countries and the lack of long-term demand for green electricity are among factors that could hinder investments in this area.
