Here in Malaysia, buildings consume almost half (48%) of the electricity generated in the country. In response to this, green buildings were conceived, prioritising environmental and health concerns as well as resource efficiency throughout their life cycle. In the process, they also respond to the changing preferences of an increasingly environmentally conscious population. As a country, Malaysia has committed to the target of reaching Net Zero emissions as early as 2050. In line with this and the priorities laid out in the 12th Malaysia Plan, state and city councils have increasingly stepped up efforts to spur the greening of their respective jurisdictions. DBKL for instance has issued the Kuala Lumpur Climate Action Plan 2050, which details out the actions necessary to achieve the goals of the Paris agreement. While we will be mainly focusing on green housing at this event, it is important not to forget that this is a cross-cutting agenda that requires many different parts of the ecosystem to work effectively. With climate change, however, we are not simply pursuing an aspirational goal. We are dealing with an existential treat for which bold and decisive actions are needed to correct what has been described as the “greatest market failure the world has ever seen”. Central to these actions is the remarkable capacity of the private sector to innovate solutions that will move us closer to our climate goals, and our collective responsibility to harness that capacity. Physical risks associated with climate change are already with us and are rising.
Speech Central Bank of the Republic of Turkey  Prof. Şahap Kavcıoğlu, Central Bank Governor German-Turkish Chamber of Commerce and Industry 8 September 2021, Ankara  2  Dear Guests, First, I would like to thank the German-Turkish Chamber of Commerce and Industry for their kind invitation. In my speech, I will share our views on the recent economic developments in Turkey. The European Union is Turkey's top trading and investment partner. EU countries account for 55% of our exports and 50% of our imports. Most of our exports are destined for Germany. Despite the pandemic-driven drop in numbers, the majority of foreign visitors Turkey receives are from the EU. European countries account for about 60% of foreign direct investments. Therefore, I would like to express that I find your participation and the mutual exchange of ideas that will come out of this meeting very important. The sped-up vaccine rollout worldwide bolsters global economic recovery. Looking at the world economy, the services sector appears to have been more hampered by COVID-19 restrictions than the manufacturing industry. Recent PMI data indicate that the services sector is matching the ongoing recovery in the manufacturing sector. This supports a more balanced global economic outlook in terms of demand composition. Strong increases in services PMI hint at a worldwide economic rebound, particularly for the pandemic-damaged euro zone. Growth prospects for our main trading partners suggest that the growth outlook might be more upbeat in August than in April.