25/02/2025

As part of efforts to promote green finance locally, the first meeting of the Green Taxonomy Technical Working Group in Jordan was successfully held on 25 February 2025, marking a crucial step toward establishing a vital framework for classifying environmentally sustainable economic activities in Jordan.

This initiative is being developed through close collaboration between the Ministry of Environment, the Central Bank of Jordan, and the Ministry of Planning and International Cooperation - Reform Secretariat, with technical support from the World Bank through the Jordan Growth MDTF. The Technical Working Group comprises 15 experts from government and private sectors.

Key Highlights from the Meeting:

• The national green taxonomy will align Jordan’s financial sector with international climate commitments, boosting green investments and supporting sustainable growth.
• Emphasis was placed on the critical role of stakeholder engagement—the working group will oversee the process, ensuring active participation from both public and private sectors.
• The second meeting is scheduled for April, after Ramadan, to foster deeper discussions and collaboration.

Mr. Mohamad Al-Amaireh, Executive manager of the Financial Stability Department at the Central Bank of Jordan:

"The development of a National Green Taxonomy is a crucial step for Jordan, providing the foundation for all future green financing activities. It will facilitate investments, reduce uncertainties, and enhance private sector competitiveness by offering clear classifications for sustainable economic activities."

The national green taxonomy is expected to be finalized before the end of 2025. It will play a vital role in unlocking climate finance, creating green jobs, and fostering private sector growth.