· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiUnlocking opportunities to advance ASEAN climate initiatives
Read full speech on bis.org ↗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
- ASEAN faces critical climate challenges.
- Large low-carbon projects are risky to finance.
- Investment in the transition is insufficient.
Solutions proposed
- De-risk climate investments with innovative tools.
- Provide financing at every project stage.
- Attract private and philanthropic investors to ASEAN.