Due to climate change, economic actors have to face significant challenges and, in order to avoid climate catastrophe, they must switch to a sustainable economic system. This means that all economic sectors, including agriculture, will have to increasingly reduce their environmental impact in the future, which can be achieved mainly by reducing greenhouse gas emissions by producers and processors. The banking sector, as a financier of sustainable investments, has a prominent role in this process. The specialty of agriculture is that its environmental performance is difficult to measure and it is subject to a complex EU regulatory system, so it is not yet included in the regulation establishing EU green financing (the so-called Taxonomy Regulation). However, thanks to the MNB's domestic program, green financing can already be carried out in agriculture.
