Malaysia to allocate USD 430 million for energy transition ...Middle East

Kuala Lumpur [Malaysia], August 30 (ANI/WAM): Malaysia will allocate 2 billion ringgit (USD 430 million) to a National Energy Transition Facility to enable catalytic blended finance, Prime Minister Anwar Ibrahim announced on Tuesday. Speaking at an event to launch the second phase of the National Energy Transition Roadmap, Anwar said the facility will 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.

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