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Anwar announces RM2 bil seed fund for energy transition | Scoop

Prime Minister Datuk Seri Anwar Ibrahim — Prime Minister Datuk Seri Anwar Ibrahim says the National Energy Transition Facility would enable catalytic blended finance to ensure a seamless flow of financial resources towards energy transition projects with marginal bankability or below-market returns. – Scoop pic, August 29, 2023

Anwar announces RM2 bil seed fund for energy transition

Allocation for National Energy Transition Facility will enable catalytic blended finance, says prime minister

Scoop Reporters

Updated 29 August, 2023

29 August, 2023

12:11 PM MYT

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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