The Joint Committee on Climate Change (JC3) will establish a Climate Finance Innovation Lab to accelerate decarbonisation efforts via innovative financial solutions. The lab is envisaged to be spearheaded by Bank Pembangunan Malaysia Berhad, focusing on bringing together industry players to ideate financial solutions for climate transition, adaptation and nature-related projects. It will also provide support to pilot projects positioned under JC3. This, together with the Transition Finance Guidance being developed by JC3, is expected to further expand credible green financing opportunities.

Source: The Star