Investor Presentaiton
Sustainable Finance Roadmap - Approach
Area of Intervention
Initial action
Follow up Action
Pillar 1. – Policy Framework
Timeline
Establishing/ formalizing Green
Finance Task Force (under CBA)
Development and adoption of a
Green Bond framework for
Armenia
Executive order on formalization
of the Task Force is issued by
regulator
Engagement with other transition
economies on their experience
with green bond issuance
•
Establishment of thematic Working Groups;
Quarterly meetings of the Task Force;
Adoption of best practices and implementation of
lessons learnt
Definition of a Green Bond framework
2022 for
establishment in 2022
2022 for issuance in
2023
Development and adoption of a
green taxonomy
Executive order to develop
taxonomy to be approved and
applied by the regulator
Development of a carbon pricing
regime
Creation of an integrated MRV
framework linking projects to
national inventory reporting
Strengthening of data collection
to more clearly identify potential
actions and vulnerabilities
Executive order to develop carbon
pricing to be approved and applied
by the relevant government
department
Project launch for upgraded MRV
system, also in
response to
UNFCCC ETF
Establishment of clear processes
under which data can be collected
and communicated to direct
actions.
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Globalfields
Responsible entities
Ministry of Finance
CBA
Identification of priority sectors for the taxonomy.
Consultation with finance and key priority sectors on
taxonomy structure
Identify priority sectors/emitters to come under the
regime
Consultation with private sector on likely impact
Consultation with public on use of revenue generated
Consultation with private sector (finance and real) on
scope of reporting
Training of MRV specialists
Consultation with private sector (finance and real) on
of reporting
scope
Training of MRV specialists
2022 for
implementation in
2023
2023 for
implementation in
2025
2022 for
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Ministry of Finance
CBA
Ministry of Finance
CBA
Ministry of Environment
Line ministries (e.g.,
infrastructure,
agriculture)
Ministry of Finance
Ministry of Environment
Line ministries (e.g.,
infrastructure,
agriculture)
operationalization by Ministry of Environment
2024
2023 onwards
Ministry of Environment
Line ministries (e.g.,
infrastructure,
agriculture)View entire presentation