$1.6 billion is heading for Southeast Asia's clean-energy future

British International Investment, the UK's development finance institution, has committed $1.6 billion to climate finance across Southeast Asia over the next five years — about half of it its own money, the rest mobilised from private investors. The funds target countries including Vietnam, Indonesia, the Philippines, Malaysia and Thailand, helping them shift from fossil fuels toward renewables. The commitment, set out in Singapore, builds on nearly $400 million already invested in the region since 2023.