Tunisia advances decarbonization frameworks amid green finance market gaps

Tunisia is advancing its decarbonization and green finance frameworks, though challenges remain in market activation. The National Agency for Energy Management (ANME) has released specifications for carbon accounting to help Tunisian companies measure greenhouse gas emissions. This initiative is particularly vital for exporters facing the European Union’s Carbon Border Adjustment Mechanism (CBAM). Through the Energy Transition Fund (FTE), businesses can receive subsidies covering up to 70% of carbon accounting costs, capped at 70,000 dinars.

Despite these regulatory steps, a study by the Arab Institute of CEOs (IACE) highlights a gap in the green financial market. While Tunisia has established administrative structures, international memberships, and tax incentives, no green bonds have been issued by the state or private sectors. The report notes that the Tunisian green finance ecosystem currently relies more on international donor support than on domestic market dynamics. While the Central Bank of Tunisia has begun integrating climate risk into its strategic planning, operational implementation such as climate stress tests for banks has yet to be fully realized.