Taleh Kazimov: COP29 will have a positive effect on attraction of green finance to Azerbaijan

COP29 will have a positive impact on the formation of a sustainable financial ecosystem in Azerbaijan and the attraction of green financing by foreign investors, said Taleh Kazimov, the Chairman of the Central Bank of Azerbaijan (CBA), Report informs, citing the CBA.

In the Sustainable Finance Report, the CBA announced its targets for 2024 regarding climate change and environmental, social, and corporate governance (ESG) risks.

This year, CBA will implement measures in the following directions in this sector:

- Formation of potential in the field of sustainable finance;

- Formation of an ecosystem for sustainable financial flows;

- Integration of climate changes and ESI factors into risk management;

- Ensuring transparency and market discipline in financial markets.