The Bank of Cape Verde (BCV) has opened a public consultation, running until 10 August, on a proposed set of technical criteria forming the first version of a national sustainability taxonomy, focused on the water and energy sectors.
The proposal sets out “technical criteria for the sustainability classification of eligible activities in the water and energy sectors”, aligned with the objectives of climate change mitigation and adaptation, according to the public consultation document reviewed by Lusa.
Cape Verde possesses considerable potential in renewable energy, maritime activities, tourism, and digital services, but remains exposed to droughts, rising sea levels, shifting climate patterns, and external dependency.
The taxonomy aims to establish “a practical investment framework capable of supporting Cape Verde’s transition to a low-carbon, climate-resilient, and resource-efficient economy”.
The first version is structured around six environmental objectives and one social objective, covering climate change mitigation and adaptation, the protection of water and marine resources, the circular economy, pollution prevention, biodiversity, and social development.
In the version now presented, detailed criteria have been developed primarily for the climate change mitigation and adaptation objectives, while the remaining environmental objectives are addressed through a “do no significant harm” principle and social dimensions are covered by minimum safeguards.
The BCV states that the proposal was developed with the support of the European Union, through the EU Sustainable Finance Advisory Hub programme implemented by the United Nations Development Programme (UNDP), and with contributions from the Sustainable Finance Taxonomy Mapper.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/07/07/mundo/africa/cabo-verde-bcv-apresenta-proposta-de-taxonomia-sustentavel-para-sectores-da-agua-e-da-energia/
