A country program for financing climate change adaptation and mitigation projects for Uzbekistan is being developed
2024-07-10 10:00:00 / News
The delegation, headed by the Green Climate Fund deputy director and head of programming Nonhlanhla Zindela and the regional manager of Eastern Europe and Central Asia (EECA) Maksim Surkov, together with the National Center for Climate Change under the Ministry of Ecology, Environmental Protection, and Climate Change, held several strategic discussions on systematization and expansion of the portfolio of projects in the field of climate change.
During the visit of the GCF mission, the technical aspects of drawing up a country program for financing climate projects in Uzbekistan were worked out. This program will provide access to financing for the most vulnerable sectors of the economy to the effects of climate change: water scarcity, desertification, dust and sand storms, energy efficiency, air quality, and ensuring the climate sustainability of cities and districts. Special attention was paid to the project of creating an Expo hub of climate technologies in Muynak, announced by President Shavkat Mirziyoyev at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change in Dubai (COP-28) in 2023. The country program is expected to be presented at the upcoming 29th Conference of the Parties to the United Nations Framework Convention on Climate Change in Baku, Azerbaijan.
The issues of obtaining accreditation of the Ministry and local financial organizations in the GCF were also discussed, which will significantly simplify access to climate finance in the country.
For information: The Green Climate Fund (GCF) is an international fund established to support developing countries in their efforts to adapt and mitigate the effects of climate change within the framework of the United Nations Framework Convention on Climate Change (UNFCCC).
The main goal of the GCF is to mobilize financial resources for climate projects. To date, there are 13.5 billion US dollars under the management of the ZKF, and up to 51.9 billion US dollars have been allocated in co-financing. These funds have been allocated by developed countries in the amount of USD 100 billion to support and finance developing countries affected by climate change.