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Unlocking opportunities to advance ASEAN climate initiatives

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, growth, investment and productivity

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiUnlocking opportunities to advance ASEAN climate initiatives

ContextSpeech at the ASEAN Investors Roundtable in Kuala Lumpur; Bank Negara Malaysia keeps the financial system sound and helps finance the region's climate transition.

Why it mattersMalaysia's governor proposes de-risking tools to attract private money to large ASEAN climate projects.

Problems raised
  1. ASEAN faces critical climate challenges.
  2. Large low-carbon projects are risky to finance.
  3. Investment in the transition is insufficient.
Solutions proposed
  1. De-risk climate investments with innovative tools.
  2. Provide financing at every project stage.
  3. Attract private and philanthropic investors to ASEAN.
Read full speech on bis.org ↗

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