The first session of the three-day mission under the Industrial Decarbonization Program was held
2026-02-25 23:30:00 / News of ministry
For information: In 2025, the Ministry of Economy and Finance, in cooperation with the World Bank, represented the Republic of Uzbekistan in the selection process of the Climate Investment Funds’ Industrial Decarbonization Program. As a result of the selection, Uzbekistan ranked sixth among 26 countries, securing the opportunity to mobilize concessional financial resources to reduce carbon emissions in the industrial sector.
The event was opened by Umid Abidkhadjaev, Deputy Minister of Economy and Finance, and Mr. Najy Benhassine, the World Bank’s Regional Director for Central Asia. During the opening remarks, the Deputy Minister spoke about the government’s key priorities and national strategies in the industrial sector. Particular attention was given to accelerating industrial modernization, improving energy efficiency, increasing the efficiency of water and other resource use, and creating value chains.
Mr. Najy Benhassine, in his opening remarks, noted that investments in decarbonization can help position Uzbekistan’s industrial sector to compete in emerging low-carbon global value chains. Such investments will also create new employment opportunities across a range of sectors, including energy, metallurgy, chemicals, mining, textiles, and construction materials. The World Bank’s Regional Director further reiterated the Bank’s support to the Government of Uzbekistan in advancing its industrial decarbonization efforts.
During the main part of the event, Mr. Ghassan Khaled Ismail Al-Aqwaa, representative of the Climate Investment Funds, congratulated Uzbekistan on becoming part of the Fund and provided detailed information about the organization. He also highlighted on the conditions of the Industrial Decarbonization Program and the key upcoming tasks.
The event continued with presentations by representatives of Multilateral Development Banks and ministries responsible for the industrial sector. During the presentations, international experience in the field, sector-specific decarbonization directions, and project proposals that could potentially be implemented within the framework of the program were discussed.
The mission is planned to continue over the next two days with technical consultations, bilateral meetings, and on-site discussions.
PR and Communications Department
Ministry of Economy and Finance