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Azerbaijan’s banking sector announces pledge for green projects

On behalf of the banking sector of Azerbaijan, Mr. 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.

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  • Peter Karanga

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    This pledge is a crucial step towards fostering a more sustainable future and demonstrates the banking sector's dedication to financing climate action

    • We Don't Have Time

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      Dear Ingmar Rentzhog Your climate love has received over 50 agrees! We have reached out to Azerbaijan 🇦🇿 by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

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      • walter lungayi

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        Great news, though let it not just be words but should be followed by actions.

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        • Annett Michuki..

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          Let's be hopeful

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          • Kelvin Thuranira kaberia

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            When we look in a different perspective the new financing step by the cop 29 it is not only going to bring positive impacts but also an encouragement to related organisations

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            • Annett Michuki..

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              @kelvin_thuranira_kaberia let's give it time

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            • Tabitha Kimani

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              Really encouraging outcome from COP29 on financing positive climate actions.

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              • rosebellendiritu

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                I do hope that all the funds will be put into good use towards ensuring that the issue of climate change is dealt with .

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                • Jane Wangui

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                  This is the way to go. Allocating such funds towards the development of green and sustainable projects in Azerbaijan is quite a significant step forward .

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                  • Princess

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                    Wow, this is huge! Let’s hope this pledge translates into real, impactful projects that make a tangible difference. The planet needs more moves like this, and fast.

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