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Free Malaysia Today
6 days ago
- Business
- Free Malaysia Today
Sarawak charts greener path with Sustainability Blueprint 2030
Sarawak premier Abang Johari Openg at the launch of the Asia Carbon Conference 2025 in Kuching today. Others are Colombian ambassador to Malaysia Alejandro Rosselli Londoño (left) and Sarawak state secretary Abu Bakar Marzuki. (Bernama pic) PETALING JAYA : Sarawak is leading the way as Malaysia's first state to launch a Sustainability Blueprint 2030, setting the pace for a greener future. State premier Abang Johari Openg said the blueprint, developed by the state's energy and environmental sustainability ministry, features 10 pillars with 48 strategies and 111 action plans. 'The Sarawak Sustainability Blueprint 2030 encompasses every facet of our sustainability agenda, designed to integrate green principles into the very fabric of our society and economy,' he said in his keynote address at the Asia Carbon Conference 2025 in Kuching today, Bernama reported. Abang Johari said the blueprint sets a strong example for environmental action at the state level. He said the strategic roadmap for Sarawak's transition to a green economy outlines the state's commitment to accelerating renewable energy adoption, advancing carbon capture and storage, and enhancing forest and land conservation. It includes promoting green industries and investments, building sustainable cities through circular economy practices and developing a future-ready workforce through education, skills and research. Looking ahead, he said, Sarawak has pledged to publish a comprehensive greenhouse gas inventory report by 2027 to track the state's emissions and stay within its carbon budget. Abang Johari also said the Sarawak government is finalising its own carbon plan aimed at facilitating carbon market investments. 'The carbon plan is pivotal to offer a detailed implementation framework designed to catalyse carbon trading and foster a vibrant carbon market. 'Central to the plan is its focus on establishing a well-regulated and investor-friendly carbon market that balances supply and demand, thereby incentivising emissions reductions and attracting green investments to Sarawak,' he said.
Malay Mail
6 days ago
- Business
- Malay Mail
Sarawak launches Malaysia's first Sustainability Blueprint 2030 to drive green economy
KUCHING, May 29 — Sarawak has become the first state in Malaysia to launch a Sustainability Blueprint 2030, marking a major step towards building a greener and more sustainable future. Premier Tan Sri Abang Johari Tun Openg said the blueprint, developed by the Ministry of Energy and Environmental Sustainability Sarawak (MEESty), features 10 strategic thrusts, 48 strategies and 111 action plans. 'This comprehensive document, meticulously crafted and recently finalised by our MEESty, serves as our strategic roadmap for Sarawak's profound transition to a green economy. 'The Sarawak Sustainability Blueprint 2030 encompasses every facet of our sustainability agenda, designed to integrate green principles into the very fabric of our society and economy,' he said in his keynote address at the Asia Carbon Conference 2025 here today. He said the blueprint sets a strong example for environmental action at the state level. Abang Johari said the strategic roadmap for Sarawak's profound transition to a green economy also outlines the state's commitment to accelerating the renewable energy transition, advancing carbon capture and storage, as well as enhancing forest and land conservation. It includes promoting green industries and investments, building sustainable cities through circular economy practices and developing a future-ready workforce through education, skills and research. Looking ahead, he said Sarawak has pledged to publish a comprehensive Greenhouse Gas (GHG) Inventory report by 2027 to track the state's emissions and stay within its carbon budget. Meanwhile, he said the Sarawak government is finalising its own Carbon Plan aimed at facilitating carbon market investments in the state. 'The Carbon Plan is pivotal to offer a detailed implementation framework designed to catalyse carbon trading and foster a vibrant carbon market. 'Central to the Carbon Plan is its focus on establishing a well-regulated and investor-friendly carbon market that balances supply and demand, thereby incentivising emissions reductions and attracting green investments to Sarawak,' he added. — Bernama
Yahoo
19-05-2025
- Business
- Yahoo
Capital Leasing secures $5m green loan from EBRD to support MSMEs in Jordan
Capital Leasing has signed a US$5 million loan agreement with the European Bank for Reconstruction and Development (EBRD) under the Green Economy Financing Facility (GEFF) in Jordan. The financing package includes US$1.25 million in co-financing from the Green Climate Fund (GCF), according to the EBRD. This is the first GEFF facility signed with a leasing company in Jordan and the seventh GEFF financing agreement in the country overall. The loan aims to expand access to finance for Jordanian micro, small and medium-sized enterprises (MSMEs) investing in climate mitigation and adaptation technologies. Targeted beneficiaries include businesses and individuals in sectors such as energy services, technology supply, manufacturing and maintenance. Financing will support investments in climate-resilient and low-carbon technologies. The facility is supported by a grant of up to €560,000 from the European Union (EU) to promote the adoption of green technologies among MSMEs and households. The EU grant will support awareness raising and provide access to technical tools and green equipment. Capital Leasing will also receive technical assistance co-funded by the EBRD, EU and GCF. This includes support for implementation and monitoring of the facility and training programmes for Capital Leasing and its sub-borrowers on climate adaptation and technology deployment. The agreement was signed during the EBRD's Annual Meeting in London by Francis Malige, EBRD Managing Director, Financial Institutions, and Tamer Ghazaleh, Chairman of Capital Leasing. Capital Leasing is a subsidiary of Capital Bank of Jordan and provides financial leasing services to retail, SME and corporate clients across sectors, including vehicles, equipment and real estate. Since 2012, the EBRD has invested over €2.3 billion in Jordan across 75 projects. Around 70 per cent of this funding has supported the private sector, including through MSME lending and trade finance facilities. "Capital Leasing secures $5m green loan from EBRD to support MSMEs in Jordan" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
18-05-2025
- Business
- Zawya
EBRD, EU and GCF accelerate private-sector green financing in Jordan
EBRD, EU and GCF lend US$ 5 million to Capital Leasing in Jordan First loan to a leasing company under the Green Economy Financing Facility in Jordan Funds to promote Jordanian private-sector investments in energy and resource-efficiency technologies The European Bank for Reconstruction and Development (EBRD) is providing Capital Leasing with a US$ 5 million loan under the Green Economy Financing Facility (GEFF). This includes US$ 1.25 million of co-financing from the Green Climate Fund (GCF). The loan to Capital Leasing marks the first to be signed in Jordan to a leasing company under the GEFF regional programme in Jordan, and the seventh GEFF facility to be signed in the country overall. The facility will mean easier access to finance for Jordanian micro, small and medium-sized enterprises (MSMEs) investing in climate mitigation and adaptation technologies – for example, individuals and private companies working in energy services, or as technology suppliers, producers and service providers. The European Union (EU) is providing a grant of up to €560,000 to accelerate climate adaptation and mitigation technologies and services by local MSMEs and households. This grant will provide eligible sub-borrowers with access to dedicated green finance tools, equipment and solutions as well as awareness raising to encourage the sub-borrowers to prioritise greener technologies within their businesses. Capital Leasing will also benefit from a technical cooperation package funded by the EBRD, EU and GCF that will go towards implementation and monitoring of the facility. The eligible sub-borrowers and Capital Leasing will have the chance to take part in training on climate change mitigation, on-lending and adaptation technologies among MSMEs and retail clients. The signing ceremony was held during the EBRD's Annual Meeting in London and was signed by the EBRD's Head of Financial Institutions, Francis Malige, and Chairman of Capital Leasing, Tamer Ghazaleh. 'Climate action requires collaboration and innovation,' explained Francis Malige. 'It also requires patient, relentless focus, one investment at a time. Through this facility with Capital Leasing, and with the unwavering support of the EU and the GCF, we are empowering Jordanian entrepreneurs and small businesses to lead the way in adopting climate-smart technologies." Tamer Ghazaleh commented: 'We are honoured to partner with the EBRD, the EU and the GCF on this milestone initiative. This facility will enable us to extend green financing to a wider base of businesses and individuals across Jordan, supporting innovation and sustainability in key sectors. At Capital Leasing we are committed to playing an active role in driving the country's transition to a greener and more resilient economy.' Henrike Trautman, European Commission Director for the Middle East said: 'This new partnership is a tangible example of how the European Union is translating its climate ambitions into action — by enabling local businesses and households in Jordan to access affordable green financing. With this support, we are not only fostering a more sustainable and resilient private sector but also helping Jordan advance its green transition in a way that benefits communities and protects the environment.' Capital Leasing is fully owned by Capital Bank of Jordan and specialises in providing financial leasing services to retail, corporate and SME clients. It offers financing across various sectors and industries for assets such as passenger and commercial vehicles, equipment and plant machinery, and real estate. Since 2012 the EBRD has provided more than €2. 3 billion through 7 5 projects in Jordan, of which 70 per cent are in the private sector, including financial support to the Jordanian banking sector through MSME loans, subordinated debt and trade finance facilities.
Arabian Post
16-05-2025
- Business
- Arabian Post
Masdar Secures $1 Billion to Advance Global Renewable Projects
Abu Dhabi Future Energy Company PJSC – Masdar has successfully raised $1 billion through its latest green bond issuance, marking a significant step in its commitment to expanding renewable energy initiatives globally. The issuance, structured in two equal tranches of $500 million with maturities of five and ten years, attracted substantial investor interest, culminating in an order book that peaked at $4.6 billion, reflecting an oversubscription rate of 4.6 times. The bond's allocation saw a distribution of 70% to international investors and 30% to those in the Middle East and North Africa region. The five-year tranche was priced with a coupon of 4.875%, while the ten-year tranche carried a coupon of 5.25%. These rates underscore Masdar's strong credit standing, with the company's green finance framework receiving the highest possible rating of SQS-1 from Moody's. Proceeds from this issuance are earmarked for investment in new greenfield renewable energy projects, particularly in developing economies. This aligns with Masdar's strategic objective to achieve a renewable energy portfolio capacity of 100 gigawatts by 2030. The company has been instrumental in advancing clean energy solutions, with projects spanning over 40 countries. Masdar's Chief Executive Officer, Mohamed Jameel Al Ramahi, emphasized the significance of this financial milestone, stating that the successful bond issuance underscores investor confidence in Masdar's financial robustness and sustainability credentials. He highlighted that the funds will be pivotal in advancing the company's ambitious portfolio of renewable energy projects, further cementing its role in supporting an equitable energy transition by increasing energy access in emerging markets and the Global South. See also Dubai to Convene Global Leaders for Green Economy Talks Chief Financial Officer Mazin Khan reiterated the company's commitment to transparency and impact, noting that Masdar is raising green bonds and other green finance instruments to invest in new dark green projects. He emphasized that this approach is not only a key component of Masdar's investor relations strategy but also a commitment that the company is transparently fulfilling through the publication of audited annual allocation and impact reporting. This bond issuance follows Masdar's inaugural green bond offering in 2023, which raised $750 million and was oversubscribed by 5.6 times. The proceeds from the initial bond have been allocated to projects expected to mitigate 5.4 million tonnes of greenhouse gas emissions annually upon full operation. Masdar's ongoing efforts in green finance are part of a broader strategy to mobilize up to $3 billion through green bonds to support its renewable energy expansion goals. The company's initiatives are in line with global efforts to accelerate the transition to sustainable energy sources and address climate change challenges. ____________________________________
