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2024-12-06 09:13:10

ADB approves $14.8M grant to accelerate climate action
The Asian Development Bank (ADB) has approved a technical assistance (TA) grant of $14.8 million to accelerate climate action, foster innovation, and strengthen private sector development across its regional operations. ADB said in a statement on Wednesday that the TA will support knowledge work and capacity building on several special initiatives across various sectors to address critical...

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2024-11-27 15:06:56

ADB launches Environment Action Plan to boost nature-positive investments
The Asian Development Bank (ADB) has launched its Environment Action Plan 2024–2030 presenting a road map for addressing the impacts of the triple planetary crisis of biodiversity loss, pollution, and climate change in Asia and the Pacific. ADB said in a statement on Monday that under the plan, the bank aims to expand the scale and scope of nature-positive investments and mainstream...

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2024-12-05 14:01:32

Australia and Singapore collaborate to support sustainable infrastructure and decarbonization in Southeast Asia
The Australian government has approved a $50 million investment into the Green Investments partnership (GIP) under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative. The Monetary Authority of Singapore (MAS) said in a statement on Tuesday that the investment will support clean energy transition and sustainable infrastructure development across Southeast Asia....

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2024-11-11 16:33:58

CAREC launches regional climate fund to strengthen regional collaboration on climate resilience
Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new Climate Change Action Plan (CCAP) and launched the CAREC Climate and Sustainability Project Preparatory Fund (CSPPF) to strengthen regional collaboration on climate resilience, low-carbon growth, and sustainable development. The endorsement took place at the 23rd CAREC Ministerial Conference...

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2024-11-20 16:23:21

Malaysia signs MOC with 9 Asean countries to operationalize regional carbon market agenda
Malaysia has embarked on a landmark partnership with carbon market associations from nine other ASEAN nations through the signing of a Memorandum of Cooperation (MOC) aimed at developing a unified carbon framework, the ASEAN Common Carbon Framework (ACCF). As the third-largest trader in the world, this strategic agreement is set to enhance carbon market efficiencies across the region,...

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2024-11-23 13:21:45

Malaysia’s Petronas, Southeast Asian energy players call for progressive approach to methane emissions reduction
Malaysia’s state-owned oil and gas firm Petroliam Nasional Berhad (Petronas), alongside Southeast Asia’s other leading energy companies, have called for progressive approach to methane emissions reduction. Petronas said in a statement on Thursday that they have released a joint statement to coincide with the 29th United Nations Climate Change Conference (COP29) calling for a...

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2024-12-18 11:23:16

Malaysia’s RHB Bank launches $220M sustainable trade finance program to boost sustainability activities
Malaysian lender RHB Bank Berhad has launched a MYR 1 billion ($220 million) sustainable trade finance program/-i (STFP/-i) to empower Malaysian businesses to adopt low-carbon practices and advance sustainability across their trade operations. This landmark initiative underscores RHB’s ongoing commitment to driving the national sustainability agenda and equipping businesses with the...

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