Armenia just set rules for what counts as 'green' business

Armenia has created a list of activities and investments that qualify as environmentally friendly. This means businesses will now have a clearer standard to follow if they want to be considered 'green' for investment or regulatory purposes.

Creating a 'green taxonomy' is a foundational step for any country serious about attracting climate finance. It provides a common language for investors and regulators. Without it, claims of 'green' investment can be vague and hard to verify. This document lays out Armenia's attempt to build that common language, which could unlock new sources of funding for sustainable projects within the country.