Malaysia’s Climate Finance Innovation Lab has onboarded 30 projects with funding needs exceeding RM4 billion, focusing on project readiness and public-private partnerships.
KUALA LUMPUR: The Joint Committee on Climate Change Climate Finance Innovation Lab has onboarded 30 projects as of January 2026. Their total funding needs exceed RM4 billion.
According to a joint statement by Bank Negara Malaysia and the Securities Commission Malaysia, the lab has rolled out several initiatives since its inception. These include the Accelerator Programme and the Capital Solutioning Lab.
“In the period ahead, CFIL will focus on the solutioning aspects, including project readiness and viability support, and strengthening public-private philanthropic partnerships,” it said.
BNM assistant governor and JC3 co-chair Madelena Mohamed said the lab underscores the importance of diverse capital providers designing innovative funding structures. She noted these are for novel, higher-risk climate projects that may not yet meet traditional risk-return metrics.
“Without such collaboration to help smooth private, public and philanthropic partnerships, projects that are vital to national sustainability goals will remain underfunded,” she said.
SC chief sustainability officer and JC3 co-chair Neetasha Rauf said promoting viable opportunities to finance climate adaptation remains a key priority. She highlighted the upcoming Malaysia Taxonomy as an important tool to guide capital.
“Industry players can also refer to the ASEAN Capital Markets Forum Phase 1 White Paper for the Development of the Mitigation Cobenefit and Adaptation for Resilience Guide,” she added. This guide aims to facilitate identification of investable climate adaptation activities and technologies.
The JC3 held its 16th meeting to review ongoing progress and set strategic priorities for 2026. It reaffirmed its priority of accelerating climate action in the real economy by mobilising finance.
The committee acknowledged the successful delivery of initiatives in 2025, including those under Malaysia’s ASEAN Chairmanship. Building on this momentum, JC3 will continue focusing on strengthening the ecosystem for climate and sustainable finance.
This includes developing the Malaysia Taxonomy as a consistent national classification framework. A call for feedback on the taxonomy’s design and scope will be issued at the end of February.
