Malaysia has seen significant shifts in the climate governance landscape over the last few years and UK PACT is proud to be a partner in further accelerating strategic climate action.
Malaysia continues to make progress on its international climate commitments evidenced most recently by the transition of the Malaysian Green Technology Corporation (MGTC) to include the function of a climate change centre. The UK and Malaysia share the common goal of tackling climate change and have agreed to share best practices and approaches for climate action. The countries will have the unique opportunity to work together to address this global challenge ahead of COP26, and UK PACT is well positioned to share expertise and build capacity to advance a long-term climate transition agenda in Malaysia.
The areas of focus for Malaysia-UK PACT are: climate action enabling environment, energy and green finance. In light of the COVID-19 pandemic and its socio-economic impact in Malaysia, we also welcome innovative projects that respond to this situation across the above themes and with respect to green recovery.
Colombia-UK PACT Success Story
This energy efficiency project is providing technical assistance to over 100 companies in Colombia’s industrial sector.
Companies receive an analysis of their GHG emissions and recommendations for potential improvements that could be delivered through new energy efficiency measures to their operations. Participating companies also get help to structure these measures into bankable projects and address how they might finance them, thereby bridging the gap with the financial sector. This project is helping companies reduce their carbon emissions footprint and become more competitive and profitable through operating cost cuts. It aims to achieve a 3,800t reduction of CO2 per year - roughly equivalent to the carbon absorption of 152,000 trees over the course of a year.
China-UK PACT Success Story
GFLP seeks to build capacity across relevant policy makers, practitioners, and their organisations so that they can collectively develop and implement green finance policies and practices.
These policies and practices enable private investments to fund low-carbon projects leading to tangible emission reductions. Since its launch, the project has trained 600 public and private sector professionals from 60 countries, resulting in a number of requests to strengthen national green financial markets. For instance, GFLP experts helped to design Mongolian National Green Taxonomy, which was approved by Mongolian Financial Stability Board in December 2019.
The first Malaysia-UK PACT call for proposals will launch in October 2020.
Projects will be selected through an open call to prospective applicants following two stages: 1) Expression of Interest (EOI) to outline how a proposed project responds to the call; and 2) a request for detailed proposals for those shortlisted at the EOI stage. Click below to go to our application portal.