Collaboration of all stakeholders is needed to make affordable and green homes accessible

KUALA LUMPUR (September 21): Collaboration of all chain stakeholders is needed to make affordable greenhouses accessible to more people, said the sustainability services unit of RAM Holdings Bhd.

Gladys Chua, head of sustainability services at RAM Sustainability Sdn Bhd, said the supply of green homes is still in its infancy in Malaysia.

In terms of price, it is difficult to make green houses affordable and incorporate green features into them, she said during a panel discussion at the Asia Green Housing Development and Finance conference. Wednesday, September 21.

“We have seen a green premium for some of the green bonds. Most of them relate to energy systems and buildings. [Hence] there is potential for the local market to get a cheap source of finance and reduce the climate risk for the market,” Chua said.

“[Nonetheless] it may take time for the market to develop all of this. Sustainability is about the collaboration between issuer, bank, customers, technology provider and us. Everyone needs to work together to get these tariff benefits,” she added.

Bank Negara Malaysia Deputy Governor Jessica Chew told the conference that the institutions’ aim was to develop green housing solutions that would not significantly worsen existing conditions and help steer the market towards a just transition. and orderly.

“Addressing this challenge will require creativity and collaboration between public and private institutions. I am encouraged to see the wide range of participants gathered at this event, including social housing enterprises, government agencies and non-profit organizations who, together with the private sector, have the means to open up opportunities for the new business development and financing green housing models,” she said in her opening address to the conference.

The central bank is working with the Joint Committee on Climate Change (JC3) – which is co-chaired by the BNM and the Securities Commission Malaysia – to lead and coordinate the financial sector’s response to climate change.

“As part of efforts to scale up financing for the transition, JC3 is actively exploring pilot programs to test new green solutions and instruments. When identifying suitable pilot projects, priority will be given to climate-friendly projects that can help develop the broader green finance ecosystem, such as carbon accounting and measurement frameworks, data aggregators climate change or green accreditation standards,” Chew said.

“Another key deliverable from JC3 this year is the upcoming release of a data catalog that will direct users to credible sources of critical climate data needed to support identified use cases,” she added.

Comments are closed.