Green finance refers to investments and other financial instruments aimed at delivering environmentally friendly, energy efficient and low carbon projects. Green bonds, concessional lending, subsidies for green projects, etc. are the main green finance instruments. These financial instruments allow green projects to develop, which would be impossible under standard financial conditions.
Green financial instruments are a component of the capital market that come as an extension of the range of financial instruments and, therefore, opportunities offered to investors, mostly international, given that the green agenda is well developed in Western Europe, North America, and is gaining momentum in Southeast Asia. AIFC keeps pace with the times and pays attention to the development of green finance on its platform.
The AIFC Green Finance Centre was created on June 1, 2018 with the aim of developing and promoting green finance in Kazakhstan and the Central Asian region. The Centre provides initial assistance to potential issuers, investors and market players on preparations for the issuance of green bonds on the AIFC Exchange (Astana International Exchange).
The AIFC Green Finance Centre covers issuers’ expenses related to the provision of a mandatory external review of green bonds.
