KUALA LUMPUR – The government will allocate RM2 billion as seed fund for the National Energy Transition Facility to enable catalytic blended finance, said Prime Minister Datuk Seri Anwar Ibrahim today.
He said the facility would enable catalytic blended finance to ensure a seamless flow of financial resources towards energy transition projects that are marginally bankable or yielding below-market returns.
“Considering Malaysia’s current state of immature decarbonisation technologies, our progress will significantly hinge on alternative energy sources and robust regional and international collaboration,” he said in a speech at the launch of the second phase of the National Energy Transition Roadmap here today. – August 29, 2023
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