For Malaysia to meet its net zero emissions by 2050, much of the estimated investments and funding needed – ranging between RM350bil to RM450bil – is expected to come from private sector sources.
THE government is committed to meeting its target of achieving net zero greenhouse gas emissions by 2050, and as such, is increasing existing funding programmes and extending tax incentives to encourage the adoption of green technology in the country. Through Budget 2023, it proposes to extend the period to apply for the Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) to Dec 31, 2025. It also proposes to extend the tax allowance and exemptions from three years to five years.
United Overseas Bank (M) Bhd’s (UOB Malaysia) has partnered with Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) to launch the RM1 billion U-Green Financing programme, which will support small and medium enterprises (SMEs) in embracing sustainability.
KUALA LUMPUR: United Overseas Bank (M) Bhd’s (UOB Malaysia) has partnered with Syarikat Jaminan Pembiayaan Perniagaan Malaysia (SJPP) to launch the RM1 billion U-Green Financing programme, which will support small and medium enterprises (SMEs) in embracing sustainability.
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