The Joint Committee on Climate Change (JC3), co-chaired by the Malaysia Securities Commission and Bank Negara Malaysia (BNM), released details on the rollout of the Climate Finance Innovation Lab (CFIL) at BNM’s Sasana Symposium 2025 as a collaborative platform to co-develop and implement climate finance solutions aimed at strengthening Malaysia’s climate resilience. As deliberated by JC3 plenary members at the committee’s 14th meeting in January 2025, CFIL is structured as a public-private-philanthropic partnership focused on four themes: energy transition and green innovation; sustainable agriculture; circular economy and sustainable cities; and nature-based solutions and biodiversity. Administered by Bank Pembangunan Malaysia Berhad, CFIL will adopt a modular approach to ideation and design of financial solutions, with eligible project owners able to access funding, technical assistance and a broader stakeholder network; the platform is intended to support blended finance structures, innovative mechanisms and Islamic finance instruments, and to connect project owners with a wider pool of funders.
Malaysia Securities Commission 2025-06-18
Malaysia Securities Commission co-chaired JC3 sets out rollout of the Climate Finance Innovation Lab
The Joint Committee on Climate Change, co-chaired by the Malaysia Securities Commission and Bank Negara Malaysia, announced the launch of the Climate Finance Innovation Lab at the Sasana Symposium 2025. Administered by Bank Pembangunan Malaysia Berhad, it aims to develop climate finance solutions through public-private-philanthropic partnerships, focusing on energy transition, sustainable agriculture, circular economy, and nature-based solutions. It will support blended finance structures and connect project owners with funders.