Ministry of Economy and Finance of the Republic of Uzbekistan

During the negotiations, prospective projects were discussed aimed at accelerating the transition to a green economy in Uzbekistan, increasing energy efficiency, developing climate finance, reducing carbon emissions in industrial sectors, and ensuring the sustainable development of urban infrastructure.

In particular, within the framework of a project valued at 1.4 million USD with the UN Development Programme (UNDP) and the National Energy Efficiency Agency, discussions were held on repurposing environmentally harmful subsidies, improving the energy efficiency of public buildings, developing green investment and financing mechanisms, as well as establishing an integrated budget. A tripartite document aimed at developing cooperation in these areas was exchanged.

Additionally, projects worth 5.5 million euros were discussed with the German Agency for International Cooperation (GIZ), and mutual cooperation documents were exchanged. This agreement includes the development of regional master plans, the introduction of ecological business practices, and "green" pilot projects aimed at increasing energy and resource efficiency.

Furthermore, negotiations were held regarding a 1 million USD project with the Global Green Growth Institute (GGGI), Korea's "Green New Deal Trust Fund" (KGNDTF), and the National Energy Efficiency Agency. These discussions focused on identifying the energy-saving potential of Uzbekistan's industry and transforming it into economically viable regional projects aimed at climate change mitigation.

To ensure the sustainable development of urban infrastructure, the "Livable and Efficient Cities" project, valued at 400,000 USD, was discussed with the French Development Agency (AFD) and the organization "Expertise France". Following the negotiations, tripartite cooperation documents supporting this program were exchanged.

Additionally, the delegation from the Ministry of Economy and Finance held a bilateral meeting with representatives from Singapore. During the meeting, the participants discussed developing cooperation under Article 6.2 of the Paris Agreement. They focused on implementing international carbon market mechanisms and improving the legal and institutional frameworks for regulating this sector in Uzbekistan. The parties also explored opportunities to participate in the international trade of carbon units, exchange expertise, and expand practical cooperation.

The agreements reached within the framework of COP31 will serve to accelerate the transition to a green economy in Uzbekistan, ensure the efficient use of energy and resources, expand international financial and technical cooperation, and consistently continue reforms aimed at combating climate change.

PR and Communications Department

Ministry of Economy and Finance