Green Technology | China Urges The Bank To Assist SMEs In Infrastructure Green Tech Venture

Kuala Lumpur , Malaysia

"The financial institutions should be more willing to provide funding to help small and medium enterprises (SMEs) venture into the infrastructure of green technologies."The technology, green energy and water Minister Datuk Peter Chin Fah Kui of Malaysia said "Seri today were still cautious in funding because of the risk associated with SMEs, as the technology itself was still new.". The banks are still timid hope it will be more open and willing to provide more funding to encourage the development of green technologies," he told reporters after the launch of livable cities summit, the theme further: to preserve the quality of growth through here today.The summit is organized by Philips.


Earlier in his speech, Chin said the government plans to take further steps to green technologies.
"The first is the development of a framework for low carbon city to serve as a guidance document for all municipalities and cities that are willing to engage in the most common and green," he said.Chin said he would follow the introduction of PAS Green Township that contain the parameters, the key elements and performance criteria for certification as a green city.

 "It 'will also include a carbon calculator, the building in which users can calculate their carbon emissions and an assessment will be provided on the basis of total net reduction of carbon dioxide," he said.
He said the government has also decided to Putrajaya and Cyberjaya become green city."The ministry is working with the New Energy and Industrial Development in Japan to produce an action plan for both cities to meet the agenda of the City Green," he said.

Meanwhile, on progress to introduce feed-in tariff (FIT) for renewable energy, Chin said that the second and third reading of Bill Renewable Energy and Sustainable Energy Development Authority (SEDA) the draft law were to be held on March 28 and March 29, 2011, respectively.SEDA is the management body of the ITF, which allow users to sell excess electricity to the grid.