Azerbaijan's Central Bank Is Developing Green Taxonomy”
(MENAFN- AzerNews)
Akbar Novruz
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"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.
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