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Tuesday, June 18, 2024

Launch Partners

Malaysia needs to invest between US$375 billion and US$415 billion to achieve 2050 climate goals, says Sustainable Fitch

MALAYSIA: The Malaysian government may have to consider green and sustainability Sukuk issuance to fill in the capital shortfall of investing between US$375 billion and US$415 billion in renewables and energy-transition efforts in order for the country to achieve its 2050 climate goals, according to Sustainable Fitch in its report titled ‘Green Sukuk Market Prospects Bolstered by Malaysia’s Climate Goals’.

Sustainable Fitch said the investment target is more than double the figure that Malaysia currently invests.

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