The Bank of Albania, in cooperation with the European Investment Bank, held a technical and inter-institutional workshop to present the first draft of Albania’s Green Taxonomy and collect feedback to support its finalisation and implementation. The draft taxonomy aims to enhance market transparency, direct finance towards sustainable economic activities and support long-term financial stability, with a focus on alignment with EU standards, and is expected to be finalised after consultation and formalised through a Memorandum of Understanding.
The Bank of Albania, working with the European Investment Bank, held a technical and inter-institutional workshop to present the first draft of Albania’s Green Taxonomy and gather feedback to support its finalisation and implementation.
The draft taxonomy is positioned as a framework to improve market transparency, channel finance towards sustainable economic activities and support long-term financial stability, with an emphasis on alignment with European Union standards. The consultation was organised in two roundtables, one with relevant ministries, the Bank of Albania working group and the Albanian Financial Supervisory Authority, and a second with banks, regulated professions, large corporations, environmental organisations and chambers of commerce. Discussions covered taxonomy concepts, technical screening criteria for classifying economic activities, and how these should be adapted to the Albanian context.
After the consultation process concludes, the document is expected to be finalised and inter-institutional cooperation formalised through a Memorandum of Understanding to underpin effective implementation.
Bank of Albania Second Deputy Governor Natasha Ahmetaj called on banks and businesses to adapt to climate risks and European sustainability requirements. She highlighted banks’ role in directing capital toward sustainable activities and reviewed ongoing work with the European Investment Bank on an Albanian Green Taxonomy based on European…
The Bank of Albania and the European Investment Bank held a workshop on developing an Albanian National Green Taxonomy, focusing on governance, EU interoperability, and sustainable investment classification. Discussions emphasized coordinated efforts among public authorities, banks, civil society, and international partners. The European…
The Bank of Albania and the European Investment Bank presented the third and final draft of Albania’s National Green Taxonomy, including its general framework, technical screening criteria and legislative adaptations. The taxonomy will support the classification and financing of environmentally sustainable activities as banks and businesses adapt…