Promoting green trade in Armenia
Workshop brings together specialists and professionals to learn about sustainability in the banking sector
The EBRD is a leader in climate finance, aiming to become a majority green bank by 2025. Its Green Economy Transition (GET) approach helps the countries in which it invests to build low carbon and resilient economies. Trade and trade finance are both essential for this, particularly for those economies that rely on imported technology and materials.
With this in mind, the TFP – in partnership with the ICC National Committee Armenia – organised on 8 November 2022 a workshop, “Bringing Green Trade to Armenia”, focusing on sustainable finance in the financial sector.
The Central Bank of Armenia opened the event, which was attended by more than 50 participants from the financial sector.
Specialists were given the chance to exchange ideas and learn about sustainability trends in the Armenian banking sector, as well as the EBRD’s assessment methodology of green trade finance transactions, and sectors that Armenian banks can focus on to increase their green business.
Discussions were led by EBRD colleagues from the TFP, Green Economy Transition and Green Financial System teams, as well as the Central Bank of Armenia and ICC Armenia.
The EBRD’s Green TFP was launched in 2016 to promote investments that improve sustainability and deliver environmental benefits. It supports the trade of high-performing technology in sectors such as construction, industry, agriculture, transport and renewable energy.
As of the end of 2021, Green TFP had supported 1,300 transactions amounting to more than €1.3 billion in 26 countries.
As of the end of 2021, Green TFP had supported 1,300 transactions amounting to more than €1.3 billion in 26 countries.
