Investors, financiers urged to turn to Asia - PM

KUALA LUMPUR: 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 Datuk Seri Anwar Ibrahim said that 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 (carbon capture and storage) 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 here today.

The Prime Minister said developing these resources and potential requires access to financing, technology and innovation, the right policy frameworks and skillsets for the future.

-- BERNAMA