Innovative low-carbon businesses invited to apply for new Climate Finance Accelerator Malaysia

KUALA LUMPUR, 5 February 2026 - The UK-funded Climate Finance Accelerator (CFA) has launched in Malaysia, helping the country progress in its journey to achieve net-zero emissions by 2050. The CFA is a global technical assistance programme that helps climate projects to become investor ready. Since 2020, over 200 projects have graduated from the CFA globally with almost US$500 million in investment already secured.

CFA Malaysia was officially launched by Yang Berhormat Tuan Liew Chin Tong, Deputy Minister of Finance of Malaysia and His Excellency Ajay Sharma CMG, British High Commissioner to Malaysia, at an event this morning, held at the Le Méridien Kuala Lumpur. The event was attended by financiers, businesses, climate project developers, and representatives from the British High Commission Kuala Lumpur and PwC Malaysia.

The CFA Malaysia call for proposals is open until 6 March 2026. Applications are welcomed from innovative low-carbon businesses and companies leading in climate transition who are looking for investment. Businesses should be at least in the pre-feasibility stage and require a minimum of US$5 million in investment.

Selected businesses will receive 3-4 months of tailored support from financial, technical and gender equality, disability and inclusion experts. These reflect the focus areas of the programme, which emphasises the co-benefits of climate action such as poverty reduction and the protection of nature and biodiversity.

The programme also offers an invaluable opportunity to build networks of potential investors with the chance to pitch to climate investors at an event in Kuala Lumpur in November.

Yang Berhormat Tuan Liew Chin Tong, Deputy Minister of Finance of Malaysia, said:

“With the bespoke capacity building support it offers, I’m confident that the Climate Finance Accelerator will be able to spur the creation of innovative climate solutions in the country, pave a clearer path to profitability for businesses, and build a strong foundation for meaningful investor engagement. The very target group that the CFA is attracting—low carbon businesses and entrepreneurs—are in a unique position to amplify the role of responsible businesses in Malaysia. By participating, they will be able to use their voice to reinforce that growth does not need to compromise the prosperity of future generations.”

His Excellency Ajay Sharma CMG, British High Commissioner to Malaysia, said:

“We believe that the CFA can help directly support the ambition that Malaysia has set out in its recent Nationally Determined Contribution (NDC). The CFA builds on the UK-Malaysia Climate Partnership and our growing collaboration on energy, nature and sustainable finance, spanning mitigation, adaptation and resilience. The CFA adds a practical tool to this work—helping Malaysian businesses become investment‑ready and attract the capital required to deliver solutions at scale. We look forward to deepening our work with Malaysia on climate finance in the years ahead.”

Soo Hoo Khoon Yean (Soo Hoo),  Managing Partner, PwC Malaysia, said:

“This is an exciting time for innovative businesses to participate in shaping the climate resilience landscape in Malaysia. The Climate Finance Accelerator is a forward-thinking initiative, providing a springboard to bridge the gap between project developers, investors, and public institutions. Eligible businesses can expect to be given tailored support on their low-carbon projects, to unlock further opportunities in green growth. It really is a call to partner with the country to deliver on our net zero aspirations.”

Up to 15 businesses are expected to be selected from the following sectors: energy efficiency; renewable energy; green mobility; bioenergy/waste; circular economy; green construction; sustainable fuels; sustainable land use, forestry and ecosystem restoration; carbon markets and measurement, reporting and verification (MRV) systems.

The programme will run from February 2026 to November 2026.

ENDS

Notes to editors

• The Climate Finance Accelerator (CFA) is a technical assistance programme funded by the International Climate Finance (ICF), through the UK government's Department for Energy Security and Net Zero (DESNZ). The CFA is implemented in ten countries (in addition to Malaysia, it operates in Colombia, India, Indonesia, Kenya, Vietnam, Mexico, Pakistan, South Africa and Thailand) and is working to develop a sustainable pipeline of bankable, low-carbon projects in each country. The CFA is part of the UK's efforts to support climate action on a global scale, facilitating access to finance and helping governments achieve climate targets under the Paris Agreement.   
• CFA Malaysia is implemented by PwC Malaysia. To find out more about the CFA in Malaysia, please visit the CFA website.   
• Follow the activities of the global CFA programme here.

About the British High Commission Kuala Lumpur

The British High Commission in Kuala Lumpur is the official diplomatic mission of the United Kingdom in Malaysia. Apart from providing essential consular services to British nationals, it plays a pivotal role in fostering and strengthening bilateral relations between the UK and Malaysia, including in areas such as trade and investment, defence and security cooperation, as well as foreign policy engagement. The High Commission actively promotes collaboration in education, science and technology, climate action and clean energy. Through these efforts, the High Commission upholds the UK’s interests and elevates the UK-Malaysia relationship to a strategic partnership.

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