Incentives for Green Banks

Iran’s green banks will be introduced during the First Conference on Green Banking in mid-February, the head of the Department of Environment announced on Sunday.“We have been holding talks with the Central Bank of Iran for developing a framework for promoting green banking in Iran, as well as defining the criteria for rating banks based on eco-friendliness of their operations,” Mehr News Agency also quoted Massoumeh Ebtekar as saying. “Lenders are required to send a detailed report on their environmental measures.” She called on banks to stop financing business plans that are not environmentally feasible. Ebtekar noted that talks have been held with the Economy Ministry and CBI over allocating incentives for green business through the banking sector.