"Lithuania is taking regional leadership in the field of green finance and is starting to create an ecosystem of business, state and private investors that would increase access to sustainability-related data, develop a green investment labeling system, ensure the dissemination of related information, and coordinate cooperation between state institutions and market participants," noted Minister of Finance Gintarė Skaistė. "At the same time, the Institute of Green Finance will contribute to the implementation of sustainability requirements set by the European Commission and help the market prepare for changes."
As the Government finalizes the consolidation of National Development Institutions, the Institute would operate within the internal structure of the consolidated institution and would engage in consulting both state and municipal institutions as well as private sector companies on green finance issues, perform an analytical function, and provide expert and technical assistance. The selection of the head of the Green Finance Institute will be announced on 8 June, Thursday.
Please note that the Green Finance Institute is a part of the 2023-2026 Lithuania’s Green Finance Action Plan. The purpose of the Plan is to promote the development of green public and private finances in Lithuania, to create a favourable ecosystem for green investments, to create prerequisites for attracting private sector investments to achieve green goals, to encourage the creation of green financial products intended for a wider circle of investors, which would allow financial resources to be directed to green projects and thus contribute to broader green transformation of the Lithuanian economy. Representatives of the public sector and the financial market participated in the preparation of Lithuania's Green Finance Action Plan, involving also consultants from the European Bank for Reconstruction and Development (EBRD) and foreign experts.
