The opportunities are vast, especially in the renewable energy sector, where the pace of adoption in recent years has accelerated. “This has created interest among players in green technology and provided them with an easier pathway to obtain financial assistance,” says Shamsul. Other popular government incentives include the Green Investment Tax Allowance, which is applicable to companies that use green technology services listed in MGTC’s MyHIJAU directory. These high-profile investments highlight another driving factor: the availability of funds to support green technology innovations. “Finance is so important in unlocking the potential of green technology because many investments in the past were rooted in the carbon pathway.

Source: The Edge Markets March 07, 2021 16:24 UTC