IslamicFinance.de

Malaysia has the potential for green financing 130 potential projects comprising 111 renewable energy (RE) projects and 19 energy efficiency (EE) projects that are worth about RM1.9 billion and RM248 million. Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili said the country was on the right path to be the world leader in green investment. Maximus said Malaysia was leading the world in green investment through the introduction of Green Islamic SRI (Sustainable and Responsible Investment) Sukuk. This year Malaysia issued the Green Islamic SRI Sukuk amounting RM250 million for solar project to Tadau Energy and RM1 billion for Quantum Solar Park Malaysia. The recently launched Green Technology Master Plan 2017 (GTMP) is aimed to create a low carbon economy. Maximus also said Malaysia was committed to reducing its greenhouse gas emission intensity of its Gross Domestic Product by up to 45% by year 2030 in accordance with the Paris Agreement.