Fiji reached a significant milestone with the official launch of the Fiji Green Finance Taxonomy, a framework designed to guide sustainable and climate-aligned investments.
The Taxonomy was formally launched by the Minister for Finance, Commerce and Business Development, Esrom Immanuel, at the Reserve Bank of Fiji (RBF) in Suva.
Developed under the leadership of the RBF, the Taxonomy was produced in close partnership with the International Finance Corporation (IFC) and the Climate Bonds Initiative, with support from the Government of Australia. Extensive consultations with financial institutions, government agencies and development partners contributed to shaping the final framework.
In his remarks, Immanuel highlighted several key points:
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The Taxonomy positions Fiji at the forefront of sustainable finance in the Pacific, providing a science-based system for classifying environmentally sustainable activities.
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It aligns with global priorities coming out of COP30, including the scale-up of climate finance, focus on adaptation and resilience, and greater transparency in climate reporting.
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The first version focuses on energy and transport, two major contributors to Fiji’s emissions, and will help channel private and public capital towards credible green investments.
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The framework will support access to concessional and blended finance, reduce greenwashing, and strengthen Fiji’s climate-resilient development pathway.
Immanuel acknowledged the RBF’s leadership and reaffirmed the government’s commitment to working closely with all partners to turn the Taxonomy into real, on-the-ground climate action for Fiji.
