Uzbekistan makes agreements on green projects, climate funding worth $14 mln at COP31

Detailed summary

Uzbekistan signed agreements with international organizations and financial institutions on green energy and climate funding projects worth $8.3 million and 5.5 million euros, or…

TASHKENT. Nov 13 (Interfax) - Uzbekistan signed agreements with international organizations and financial institutions on green energy and climate funding projects worth $8.3 million and 5.5 million euros, or around $6.1 million, at the UN Climate Change Conference (COP31) in Antalya, Turkey, the Uzbek Ministry of Economy and Finance said.

The ministry said that a project costing $1.4 million had been discussed with the UN Development Program (UNDP) and the National Energy Efficiency Agency, which involves redirecting subsidies, increasing the energy efficiency of public buildings and developing green investment and funding mechanisms.

A project costing $1 million was discussed with the Global Green Growth Institute (GGGI), Korean Green New Deal Trust Fund (KGNDTF) and the National Energy Efficiency Agency. The goal of the project is to assess the energy saving potential of industry in Uzbekistan and prepare economically justified regional projects to reduce environmental damage.

Another project costing $400,000, discussed with the French Development Agency (AFD) and Expertise France organization, is entitled "Comfortable and Efficient Cities for Living" and is aimed at the sustainable development of municipal infrastructure. After the discussions, the parties exchanged trilateral documents on support for the program.

Uzbekistan also discussed projects costing 5.5 million euros with the German Agency for International Cooperation (GIZ). These involve developing master plans of territories, integrating environmentally friendly business practices and implementing pilot projects to raise energy and resource efficiency. The parties exchanged documents on cooperation at the end of the meeting.

Another meeting took place with representatives from Singapore. The participants discussed cooperation under Article 6.2 of the Paris Agreement, integrating mechanisms from the international carbon market and improving Uzbekistan's legislative and institutional framework in this area.

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