Promoting green technology financing: political will and information asymmetries

Jothee Sinnakkannu, Ananda Samudhram

    Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

    Abstract

    Malaysia’s allocation of about USD1 billion, for the green technology financing scheme (GTFS), was beset with low uptake rates. This chapter posits that information asymmetries, wherein the regulators, bankers and GTFS-based loan applicants had different perceptions regarding the objectives of GTFS, and the requirements for obtaining these loans, led to the poor uptake. These information asymmetries contributed to the submission of incomplete documentation and information sets by the GTFS-based loan applicants, which led to low bank approval rates. Pertinent information asymmetries are identified, and relevant recommendations are presented, for boosting the GTFS uptake rates, which will in turn promote the adoption of green technology in the Malaysian economy and other emerging economies that are contemplating similar financial incentives for promoting green economic growth.
    Original languageEnglish
    Title of host publicationErgonomics and Human Factors for a Sustainable Future
    Subtitle of host publicationCurrent Research and Future Possibilities
    EditorsAndrew Thatcher, Paul H.P. Yeow
    Place of PublicationSingapore Singapore
    PublisherPalgrave Macmillan
    Chapter13
    Pages329-354
    Number of pages26
    Edition1st
    ISBN (Electronic)9789811080722
    ISBN (Print)9789811080715
    DOIs
    Publication statusPublished - 2018

    Keywords

    • Green technology financing
    • Green technology policy
    • Green ergonomics
    • Energy categorisation

    Cite this