Anwar urges investors, financiers to look to Asia
PM Anwar Ibrahim says investors and financiers risk losing out by not turning towards Asia, which is endowed with vast amounts of natural resources, potential renewable energy and a growing population that is not averse to co-innovation and is increasingly appreciative of a green economy. – The Malaysian Insight file pic, June 26, 2023.
INVESTORS and financiers will risk losing out by not turning towards Asia, which is endowed with vast amounts of natural resources, potential renewable energy and a growing population that is not averse to co-innovation and is increasingly appreciative of a green economy. Prime Minister Anwar Ibrahim said in light of this, there is further potential for the region to develop as a player in the net zero value chain in as much as the rich biodiversity resources and a high percentage of forest cover offer abundant nature-based solutions.
“In addition to developing hydrogen and CCS opportunities for storing carbon, with the innovation of batteries and electric storage well underway, there is opportunity to develop the rare earth minerals and establish a conducive ecosystem to strengthen supply chain,” he said in his keynote address at Energy Asia 2023 in Kuala Lumpur today.
The prime minister said developing these resources and potential requires access to financing, technology and innovation, the right policy frameworks and skill sets for the future. – Bernama, June 26, 2023.
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