BAKU, Azerbaijan, November 14. The green taxonomy will open up great opportunities for scaling up climate finance, effectively mobilizing capital, and accelerating the transition to a green economy, the chairperson of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a panel discussion organized by the Central Bank of Azerbaijan on “Advancing Sustainable Finance across the Globe: Roadmap towards Interoperability and Comparability of Sustainable Finance Taxonomies,” Trend reports.
“Let me emphasize the progress on green taxonomies at the national level. We have already adopted a green taxonomy with the active participation of various government agencies, financial industry associations, and international financial organizations. This initiative will open up great opportunities to scale climate finance, effectively mobilize capital, and accelerate the transition to a green economy. I would like to take this opportunity to express my special thanks to the World Bank for its technical assistance in developing the taxonomy,” he said.
To note, the Central Bank of Azerbaijan approved the green taxonomy on 13 November.
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