Malaysia’s central bank to launch climate taxonomy in 2021

green-investment

Bank Negara Malaysia will issue a climate change and principle-based taxonomy next year, to help financial firms classify economic activities that contribute to rising global temperatures.

According to assistant governor Fraziali Ismail, one of the most critical issues to moving towards a greener future is information asymmetry.

“We need to find a way to bridge the language and information gap between scientists, government and financiers,” he said. “What science says about climate effects

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