December 2023 to February 2024
Bhutan aims to address climate change through its National Adaptation Plan (NAP) 2023, long-term Low Green Gas Emission and Climate Resilient Development Strategy (LTS), and Nationally Determined Contributions (NDC). Promoting green finance is a key priority. The Royal Monetary Authority (RMA) has developed a green finance roadmap and drafted a green taxonomy framework for the financial sector. To expand this framework, the Ministry of Finance (MOF) and RMA are working on an economy-wide green taxonomy, which will support initiatives like the Bhutan Climate Fund. This project involves drafting this comprehensive green taxonomy framework.