A yearlong initiative, "Developing Green Taxonomy in Armenia," aimed at creating a policy and legal basis for green investments in Armenia, was launched recently. Adopting a green taxonomy is crucial to establishing a robust system for identifying, selecting, and financing green and sustainable development projects in Armenia.
A dedicated expert working group has been established to provide substantive input to developing the green taxonomy. The group comprises representatives of government bodies, the Central Bank of Armenia, and Yerevan municipality, as well as thematic and sectoral specialists.
The AUA Acopian Center for the Environment supports the development of a green taxonomy in Armenia by engaging the expert working group’s thematic and sectoral specialists. These specialists will conduct relevant research and focus-group discussions with industry, academia, and civil society. The results will inform the final policy documents to be approved by the government. The Center will also work on developing capacity in Armenia for developing and implementing green taxonomies.
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