Climate Risks Require Transition To Green Investments - CBA
Date
10/18/2024 12:00:09 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 18. Global climate
change is having an impact on the Economy of Azerbaijan, the
chairperson of the Central bank of Azerbaijan Taleh Kazimov said at
the forum titled“Green finance and sustainable development” in
Baku today, Trend reports.
"Global climate change affects the economy of Azerbaijan.
Therefore, investment in green finance is important not only in
terms of providing environmental benefits but also for creating a
sustainable economy. We must constantly focus on priorities such as
raising public awareness of the importance of green finance,
establishing dialog between stakeholders, and finding innovative
solutions.
As a Central Bank, we are cognizant of the priorities facing us
concerning this important challenge, and we have a strategic agenda
for the medium term. This agenda includes important tasks such as
improving the regulatory framework and stimulating green
investment. Our main objective is to ensure that financial
institutions adapt their portfolios to sustainability objectives
and have the necessary tools and guidance to work in this area,” he
said.
Will be updated
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