Azerbaijan is launching a unified taxonomy for sustainable investments, developed in collaboration with 110 countries. This move aims to standardize global sustainable investments, streamlining national green taxonomies and facilitating green loans. The unified standards will provide clarity for investors and guide sustainable investments with principles agreed upon by over 100 countries. This initiative follows the European Union’s model, with broader adoption backed by the United Nations.
Azerbaijan will also reveal its green investment budget for projects through 2030, set to match the $15 billion loan portfolio of Azerbaijani banks. The country is committed to green projects, with plans to increase green investment options through Islamic sukuk bonds. Azerbaijan’s green funding allocation will be disclosed, marking a significant step towards sustainable finance.
