Turkic Green Finance Council expands focus to sustainable finance

Participants in the Turkic Green Finance Council have agreed to expand the scope of its activities to cover not only green finance but also broader issues related to promoting sustainable finance.

According to Report's Kazakhstan bureau, the decision was made following a meeting of the Council in Astana on September 9.

Participants signed a joint communiqué at the end of the meeting, which was attended by Organization of Turkic States (OTS) Secretary General Kubanychbek Omuraliev, as well as representatives of financial regulators, economic institutions, development agencies and stock exchanges from OTS member states.

The sides discussed the development of green and sustainable finance, carbon markets, low-carbon technologies and Sharia-compliant financial mechanisms.

Omuraliev told journalists that the Turkic Green Finance Council aims to turn policy objectives into bankable projects and investment instruments.

The Council's next meeting will be held in Astana in 2027.