Summary
- Penang encourages businesses to access RM20 million Climate Mitigation Fund.
- Eligible SMEs can apply for financing of up to RM500,000.
- State records RM63.96 billion in approved investments in 2025.
GEORGE TOWN, November 14 โ Penang Chief Minister Chow Kon Yeow urged local manufacturers and SMEs to accelerate green transformation through the stateโs RM20 million Climate Mitigation Fund.
Speaking at the Penang Green Summit 2026 gala dinner Friday, Chow said eligible businesses could obtain financing of up to RM500,000. The fund combines RM5 million in state funding.
With RM15 million from Alliance Bank. Chow said Penang recorded RM63.96 billion in approved investments in 2025, including RM22.38 billion in manufacturing.
He stressed that sustainability investments must strengthen industrial competitiveness, create jobs and improve environmental performance.
