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15-10-26
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Ahmetaj: Albanian financial system is prepared for climate challenges

TIRANA, December 15/ATA/ Second Deputy Governor of the Bank of Albania Natasha Ahmetaj participated in the National Climate Finance Conference, organized by the Ministry of Environment and the Urban Research Institute, with the support of the UNESCO.

Deputy Governor Ahmetaj highlighted in her speech the Bank of Albania’s commitment to the progressive integration of climate and transition risks into the framework of monetary and financial stability, treating them as real challenges for the banking system and the national economy.

She said that, “The Albanian financial system is prepared for climate challenges”, while she mentioned the achievements of the First Green Strategy 2022–2025, which include: Establishment of the working group on green finance; Development of climate and financial indicators; First assessments of exposure to climate risks and the realization of the first test of resilience to transition risk.

Building on these steps, Ahmetaj emphasized that the Bank of Albania has launched the drafting of the Second Green Strategy 2026–2028, focused on: Deepening the integration of climate risks into financial supervision and stability; Developing analytical research; Strengthening the basis for the further development of sustainable finance in the country.

Further on, she said that the National Green Taxonomy is a key element in this process, which aims to create a common language for identifying sustainable economic activities, reduce the risk of greenwashing and support the development of green financial products in Albania.

The Deputy Governor underlined that the Bank of Albania remains committed to making the financial system more sustainable, more resilient to climate risks and more active in supporting the green transition. /e.xh/r.e/a.f/p.s./

 

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