2DII to help harness green finance in Malaysia, as part of the UK PACT Program

2DII, WWF UK, and WWF Malaysia will contribute to a new initiative on green finance in Malaysia, as part of the £1.4 million UK PACT program by the UK government. The project, “Harnessing Green Finance through Climate-related Risk Management and Opportunities in Malaysia,” will contribute to Malaysia’s carbon emissions reduction by supporting investments in low-carbon sectors, building capacity of financial regulators and institutions, and strengthening the integration of climate-related risks and opportunities into policies, decision-making processes and financial product innovations.

The program is one of five new innovative climate action projects funded by the UK PACT (Partnering for Accelerated Climate Transitions) program. These are capacity-building projects that will enable low-carbon and nature preservation transition plans. The organizations implementing the projects and their partners will support and work with key beneficiaries at national, state and local levels to help them develop knowledge and expertise in the areas of green finance, low-carbon planning, and more.

Together, the project portfolio is well placed to support both a green, clean and resilient recovery in Malaysia and the aims of COP26 to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on climate change.

The UK PACT Malaysia Project is the latest in a series of grants won by 2DII’s Emerging Markets Program, which has also recently undertaken new climate finance projects in Brazil, Colombia, Peru, and Chile. Find out more about the project on the UK PACT website.