KUALA LUMPUR, Nov 13 — Malaysia has called for better access to climate financing for secondary and intermediary cities, alongside greater investment in resilient housing to protect vulnerable communities from floods, the urban heat island effect and other climate threats.
Housing and Local Government Minister Nga Kor Ming said in a statement today that these cities continue to face barriers to accessing direct concessional financing and project preparation support.
To bridge the gap, Nga who is also president of the United Nations Human Settlements Programme (UN-Habitat) Assembly outlined four priorities, namely reducing municipal investment risks, empowering local authorities to structure bankable and shovel-ready projects, protecting vulnerable communities and mobilising innovative capital.
