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Loan Subsidies for Climate Change and Energy Transition Adaptation and Mitigation

The Sustainable Development Financing Scheme, introduced by Bank Pembangunan Malaysia Berhad (BPMB), has earmarked RM12 billion to bolster projects in Sabah.  This initiative is a joint effort between Sabah Development Bank Berhad (SDB) and BPMB, which aims to support ventures…

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Country / jurisdiction: Malaysia · Year: 2023 · Status: In force · Level: National · Type: Voluntary

The Sustainable Development Financing Scheme, introduced by Bank Pembangunan Malaysia Berhad (BPMB), has earmarked RM12 billion to bolster projects in Sabah.

This initiative is a joint effort between Sabah Development Bank Berhad (SDB) and BPMB, which aims to support ventures in hydrocarbon and transitional energy, water supply, and social infrastructure within the region.

Official source: https://www.bpmb.com.my/news?p_p_id=56&p_p_lifecycle=0&p_p_state=maximized&p_p_mode=view&p_p_col_id=column-1&p_p_col_pos=2&p_p_col_count=3&_56_returnToFullPageURL=%2Fnews%3Fp_p_id%3Dbpmbnewslisting_WAR_bpmbnewslistingportlet%26p_p_lifecycle%3D0%26_bpmbnewslisting_WAR_bpmbnewslistingportlet_selectedYear%3D2023&_56_groupId=21475&_56_articleId=172415&_56_version=1.0&_56_articleTitle=The+Borneo+Post+%E2%80%93+Banks+join+forces+for+RM12+bln+projects+in+Sabah

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https://www.iea.org/policies/19683

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