Translated with AI from the Russian original.

Armenia views ecological transformation not as an obstacle to economic growth, but as an opportunity to attract investments, increase productivity, and strengthen competitiveness. This was stated by Minister of Economy Gevorg Papoyan in an interview for a special edition prepared jointly with Forbes for the COP17 conference in Yerevan. According to him, the country's further development should be based on more efficient use of resources and the creation of additional economic value.

The basis of this strategy was the Action Plan for the Development of Green, Sustainable, and Circular Economy until 2030. Among the priorities, Papoyan highlighted renewable energy, energy efficiency, water resource management, sustainable agriculture, resource-efficient industry, and nature tourism. The minister sees particular prospects in the development of agritourism and the adaptation of agriculture to climate change.

An additional tool for attracting capital was Armenia's Green Taxonomy, adopted in 2025. It is designed to form the basis for financing environmentally oriented and technologically advanced projects. According to the authorities' plan, the transition to a more sustainable economic model should foster innovation and the creation of new jobs, while supporting the country's economic growth.

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