By: Justicia Shipena
The Bank of Namibia yesterday announced that it has been accepted into a coalition of central banks dedicated to promoting climate and environmental risk management in the financial industry.
Governor Johannes !Gawaxab says the acceptance of BoN into the global Network for Greening the Financial System (NGFS) is a substantial step forward in their commitment to sustainable economic growth in Namibia.
He noted that Namibia, through ambitious initiatives like the Green Hydrogen project, has positioned itself on the global map in addressing the challenge of decarbonisation.
“The Bank’s acceptance into the NGFS is a momentous step forward in our commitment to sustainable economic growth dovetailing national efforts which have put Namibia on the map, by providing solutions to the global decarbonisation effort through the pursuit of the country’s highly ambitious Green Hydrogen initiative,” said !Gawaxab.
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