Chisinau hosts first Green Finance Forum
Companies in the Republic of Moldova looking to invest in energy-efficient technologies, modern equipment, or solutions that minimize environmental impact can discover available financing opportunities at the Green Finance and Investment Forum Moldova. This forum will be held for the first time in Chisinau on June 29.
The event will bring together representatives from the government, financial institutions, the business community, and development partners. Participants will discuss available financing instruments, relevant public policies, and ways for companies to transition to more sustainable practices.
On the show "Bună dimineața" from Moldova1, Fintech Hub Manager Oxana Paladiciuc and AmCham Moldova Policy Manager Vasile Stepanuc highlighted that the event aims to create a platform for dialogue among authorities, financiers, and entrepreneurs. The goal is to facilitate companies' access to financing instruments for sustainable investments.
Oxana Paladiciuc emphasized the importance of organizing a forum in the context of the European path of the Republic of Moldova and the need to develop a competitive and sustainable economy.
"We are increasingly discussing the significance of a sustainable environment and the importance of financing, as well as the sustainability of financing for businesses and various initiatives in the Republic of Moldova," the manager pointed out.
In addition to showcasing existing financing programs, participants will learn about new support mechanisms being prepared for entrepreneurs.
The forum will also cover topics such as business digitalisation, innovation, and the use of green technologies, all of which are considered crucial to enhancing companies' competitiveness.
"We will discuss trends and explore the next tools and programs that will be developed for entrepreneurs in the Republic of Moldova," Oxana Paladiciuc said.
AmCham Moldova's Policy Manager, Vasile Stepanuc, emphasized the challenge of accessing financial resources necessary for implementing green investments. During the forum, representatives from various companies will have the opportunity to engage directly with authorities and financiers to discuss the obstacles they face. The insights gathered will help shape more effective public policies.
"The green transition is very expensive, and companies need financial instruments to adopt and implement green mechanisms and techniques in their businesses," explained Vasile Stepanuc.
The Republic of Moldova has made significant progress in this area, including the approval of a taxonomy—a document that establishes the criteria for classifying an investment as "green."
Moreover, while large companies are generally familiar with ESG (Environmental, Social, and Governance) standards that evaluate a business's environmental impact, smaller companies require more information and training to adopt such practices.
Digitalization is also considered a crucial element in developing sustainable businesses. It contributes to the adoption of green technologies, fosters innovation, and enhances companies' competitiveness in foreign markets.
