Azernews.Az

Wednesday October 9 2024

Azerbaijan’s Central Bank is developing "green taxonomy”

9 September 2024 18:41 (UTC+04:00)
Azerbaijan’s Central Bank is developing "green taxonomy”
Akbar Novruz
Akbar Novruz
Read more

"The Central Bank of Azerbaijan is developing a 'green taxonomy' to advance green finance," said Mukhtar Babayev, COP29 President-Designate and Azerbaijan’s Minister of Ecology and Natural Resources, Azernews reports.

M. Babayev made this statement while addressing the conference on "The Role of Small and Medium Business in the Green Economy" in Baku.

He explained that the development of the taxonomy will classify economic activities based on green standards, allowing enterprises to receive more support for sustainable and environmentally friendly investments.

“This process will allow SMEs to more effectively use available financial resources to finance their green transition,” the minister added.

---

Follow us on Twitter @AzerNewsAz

Loading...
Latest See more