ECONOMY
Azerbaijan’s banking sector announces pledge for green projects
Baku, November 15, AZERTAC
On behalf of the banking sector of Azerbaijan, Zakir Nuriyev, President of the Azerbaijan Banks Association, announced details of a pledge which will allocate $1.2 billion for the development of green and sustainable projects in Azerbaijan until 2030.
The funds will support projects contributing to Azerbaijan's transition to a low-carbon economy. This follows the Central Bank of Azerbaijan introducing a new green taxonomy to guide sustainable investments.
