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Green Finance Strategy 2023‑2028 (Central Bank of Jordan)

Geography
Year
2023
Document Type
Policy

Summary

The Green Finance Strategy 2023‑2028, by the Central Bank of Jordan (CBJ) with input from the Ministry of Environment and other agencies, aims to enhance the financing of climate change mitigation and adaptation projects. It recognises that rising temperatures in Jordan and worldwide pose a threat to the nation's financial systems. The strategy aims to: mobilise 30% more finance to green projects by 2028, relative to 2023; produce the first comprehensive climate risk assessment of the financial sector in Jordan; build climate governance and analytical capacity in the CBJ and broader sector; incorporate the Islamic finance sector and adopt a framework for Sharia-compliance in green investment.

Documents

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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance

Note

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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.