BY NOMTHANDAZO MAYISELA (INTERN)
PIGGS PEAK– Experts from key financial sectors and government ministries are meeting at Piggs Peak Hotel this week to review Eswatini’s draft Green Finance Taxonomy, a national framework designed to clearly define what qualifies as a green and climate-friendly investment.
The initiative, developed by the Government of Eswatini in partnership with the United Nations Development Programme (UNDP) and led by the Central Bank of Eswatini, seeks to unlock sustainable investment and direct funding toward climate-smart projects that support both economic growth and environmental protection.
Once finalised, the taxonomy will guide banks, investors and businesses in deciding where to channel financial resources for the greatest positive impact on people, the planet and long-term development. A broader validation process involving multiple stakeholders is expected on Friday, marking a key milestone in the country’s green finance agenda.
According to information sourced from the UNDP Eswatini Facebook page, the discussions bring together actors from across the financial sector and government who are tasked with shaping how Eswatini transitions toward more sustainable investment practices.
The urgency of the process reflects growing global and local pressure to align financial systems with climate goals, especially as countries face increasing climate-related risks affecting agriculture, water resources and infrastructure.
UNDP Deputy Resident Representative Nessie Golakai-Gould emphasized the importance of inclusive participation in shaping the framework, stressing that ownership by all stakeholders is critical for successful implementation.
“We would like to support the process of operationalisation of the Green Finance Taxonomy in defining relevant regulatory frameworks,” she said.
Her remarks highlighted the need for the document to move beyond policy formulation into practical application that can influence real investment decisions within the country’s financial system.
As discussions continue, stakeholders are expected to refine the framework to ensure it is both practical and aligned with Eswatini’s development priorities and climate commitments.
The Green Finance Taxonomy is being positioned as a strategic tool that will help reshape investment flows, ensuring that funding decisions contribute to sustainable development rather than environmental degradation.
For Eswatini, the outcome of this process will play a key role in determining how effectively the country can attract green investment while strengthening its resilience to climate change.
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(Courtesy Pic)
