GreenTech expects RM2.9b in investment
Malaysian Green Technology Corporation (GreenTech Malaysia) expects RM2.9 billion in green investment to be generated
through projects supported under the Green Technology Financing Scheme (GTFS).
Chief executive officer Ahmad Hadri Haris said since the introduction of the GTFS in 2010, the scheme had supported 108 projects and secured loans of RM1.5 billion from 22 financial institutions.
"These projects will create over 1,200 green jobs and reduce about 1.7 million tonnes of carbon emissions," he told reporter after the launch of "Green Financing: Discover Green Technology Industry in Malaysia" conference today.
He said the corporation also expects to support 140 projects by year-end under the GTFS to further accelerate the promotion of green technology as Malaysia's next growth engine.
With the successful efforts of the GTFS, the government has given an additional RM2 billion and extended its availability to 2015.
"This generous revision not only demonstrates the government's
commitment in driving the green technology agenda. It is also a recognition that without the appropriate financial support and incentives, the green path will remain a less travelled route," Ahmad Hadri said.
In collaboration with the Islamic Banking and Finance Institute of Malaysia (IBFIM), GreenTech Malaysia aims to further promote the green technology industry in Malaysia, and provide insights into the current and future prospects of Islamic financing solutions in driving the nation's green agenda.
"We have identified Islamic banking as a platform, as it is based
on the promotion of value and good practices.
"To encourage more participation from various financial institutions, we recognise that there should be better access to information on the potential and development of the green technology sector," he said.
GreenTech Malaysia is a non-profit organisation under the purview of the Ministry of Energy, Green Technology and Water Malaysia, charged with the development and promotion of green technology as a strategic engine for socio-economic growth in Malaysia.-- Bernama