Azerbaijan's Central Bank Chair urges shift to green investments at Baku's Green Finance forum, stressing the importance for economic stability.

Azerbaijan's Central Bank Chair, Taleh Kazimov, urged a shift to green investments to tackle climate change at the "Green Finance and Sustainable Development" forum in Baku. He stressed that sustainable finance is crucial for economic stability. The bank's medium-term agenda focuses on enhancing regulations and promoting green investments. Additionally, the Azerbaijan Banks Association indicated that $17.6 billion in green finance is needed over 36 years to meet climate goals.

October 18, 2024
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