SC: Malaysia needs RM3.47 trillion to RM4.5 trillion for climate adaptation by 2050
Securities Commission Malaysia chairman Datuk Mohammad Faiz Azmi said Malaysia will need between US$852 billion and US$1.1 trillion for climate adaptation by 2050, citing World Bank figures. Speaking at the SC-AlBaraka Forum Strategic Dialogue in London, he said adaptation projects are often unbankable and called for blended finance to draw in private capital.