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Malaysia rolls out innovation lab for climate finance solutions
Malaysia has introduced the Climate Finance Innovation Lab (CFIL), a new initiative designed to accelerate the development of innovative climate finance solutions. The platform, launched by the Joint Committee on Climate Change (JC3) and managed by Bank Pembangunan Malaysia Berhad (BPMB), will bring together public, private, and philanthropic partners to advance climate financial solutions in the country.
Speaking at the launch, Bank Negara Malaysia (BNM) Assistant Governor and JC3 co-chair Madelena Mohamed emphasized the urgent need to scale up climate finance and nature-positive actions in Malaysia. JC3 co-chair Salmah Bee Mohd Mydin described CFIL as an “incubator for catalytic projects” essential to achieving Malaysia’s national climate goals. The lab aims to address financing challenges by connecting project owners with diverse funders to scale up climate and nature-related solutions across the country.
Read the original article here: https://www.msn.com/en-xl/money/general/malaysia-rolls-out-innovation-lab-for-climate-finance-solutions/ar-AA1H00aG?ocid=BingNewsVerp
Commonwealth chief asks members to ease barriers for bloc to achieve $2T intra-trade target by 2030
The Commonwealth Secretary-General, Shirley Ayorkor Botchwey, has called on the organization’s 56 member states to reduce trade barriers in pursuit of achieving $2 trillion in intra-Commonwealth trade by 2030. The announcement came during the opening of the first-ever Commonwealth Business Summit (CBS) in Windhoek, Namibia.
The three-day event, jointly organized by the Commonwealth Secretariat and Namibian government, runs alongside the Commonwealth Trade Ministers Meeting (CTMM). The dual gatherings aim to accelerate member states’ industrialization efforts and expand consumer markets across the Commonwealth.
Namibia’s Minister of International Relations and Trade, Selma Ashipala-Musavyi, emphasized the importance of collaboration in addressing trade tariffs and identifying new growth opportunities. Samoa’s Prime Minister Fiame Naomi Mataafa highlighted the Commonwealth’s unique position to unlock trade and investment opportunities while strengthening public-private partnerships, noting the challenges posed by growing global conflicts and crises.
Read the original article here: https://www.aa.com.tr/en/africa/commonwealth-chief-asks-members-to-ease-barriers-for-bloc-to-achieve-2t-intra-trade-target-by-2030/3603551
Crypto platform Tron strikes deal with Nasdaq-listed company
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