KUCHING, Feb 27: A supportive financial ecosystem aims to sustain the momentum of Renewable Energy (RE) projects by ensuring access to adequate funding and investment opportunities.
Such move underscores Malaysia’s commitment to advancing sustainable energy solutions and reducing reliance on conventional resources.
Group CEO of Malaysian Rating Corporation Berhad, Datuk Jamaludin Nasir said while there are policies in place, it is still a work in progress.
“There are a number of investment opportunities coming up, and one of the biggest considerations that everyone is talking about is how supportive is the funding institution in Malaysia to support this?
“We need the financial ecosystem to be supportive of the agenda,” he said after moderating a panel session at Borneo Energy Transition Conference (BETC) 2024 conference on Tuesday.
He added that the whole ecosystem must be in tandem with the ongoing initiatives to reap the mutual benefits.
“Once the ecosystem is being supported, I think we will be able to see our agenda flourishing, not only for Malaysia but also Sarawak,” he said.
Earlier, Jamaludin moderated a panel discussion on Strategies for Sustainable Investment in Energy Transition: Opportunities, Challenges and Best Practices. – TVS
