Govt to allocate RM2b for national energy transition facility

The government will allocate RM2 billion as a seed fund for the national energy transition facility to enable catalytic blended finance, Prime Minister Anwar Ibrahim said today.

He 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.

“Considering Malaysia’s current state of immature...