In recent years, climate change has risen to the top of the development agenda, with 195 countries signing the Paris Agreement to fight climate change. Given the scale of the financial resources required to support climate mitigation and adaptation initiatives, coupled with the strain on government budgets, the mobilization of financing through innovative instruments becomes imperative.

Hence, the use of Islamic finance to support “Green” investments has been receiving increased attention, with recent issues of the first set of “Green” Sukuk to finance climate friendly projects.

Against this background, the proposed conference will explore the use of Islamic finance to support climate mitigation and adaptation efforts, including the use of Islamic finance instruments to finance climate friendly projects. It will explore policy, regulatory and institutional elements required for the sustainable use of Islamic finance to address climate change. There will be particular focus on the recent use of "Green Sukuk" to finance projects in Malaysia and the possible replication of these instruments in other developing and emerging markets. The conference will be delivered in collaboration with the Securities Commission Malaysia and International Organization of Securities Commissions (IOSCO) Asia Pacific Hub Malaysia.

Target Audience

The one and a half-day event will be attended by development practitioners, policy makers, regulators, as well as representatives of financial institutions (both conventional and Islamic).