Fiji Marks Major Milestone with Launch of Green Finance Taxonomy

Fiji reached a significant milestone today with the official launch of the Fiji Green Finance Taxonomy, a key framework designed to guide sustainable and climate-aligned investments.

The Taxonomy was formally launched by the Minister for Finance, Commerce and Business Development, Hon. Esrom Immanuel, at the Reserve Bank of Fiji (RBF) in Suva.

Developed under the leadership of the Reserve Bank of Fiji, 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, the Minister highlighted the following key points:

✅The Taxonomy positions Fiji at the forefront of sustainable finance in the Pacific, providing a science-based system for classifying environmentally sustainable activities.

✅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.

✅The first version focuses on energy and transport, two major contributors to Fiji’s emissions, and will help channel private and public capital toward credible green investments.

✅The framework will support access to concessional and blended finance, reduce greenwashing, and strengthen Fiji’s climate-resilient development pathway.

The Minister acknowledged the RBF’s leadership and reaffirmed Government’s commitment to working closely with all partners to turn the Taxonomy into real, on-the-ground climate action for Fiji.