Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan has discussed green economy and climate finance projects worth a total of US$8.3 million and €5.5 million with international organisations and financial institutions at COP31, the Ministry of Economy and Finance reported.
The talks took place during the 31st Conference of the Parties to the UN Framework Convention on Climate Change, held in Antalya, Türkiye, from 9 to 20 November. A delegation from the ministry met representatives of international organisations and financial institutions.
A US$1.4 million project was discussed with the United Nations Development Programme (UNDP) and the National Energy Efficiency Agency. It envisages redirecting subsidies that have a negative environmental impact, improving the energy efficiency of public buildings, and developing green investment and financing mechanisms.
The parties also discussed the introduction of integrated budgeting. Following the talks, they exchanged a trilateral document on cooperation in these areas.
Projects worth a total of €5.5 million were discussed with the German Agency for International Cooperation (GIZ).
The initiatives involve developing master plans for territories, introducing environmentally friendly business practices, and implementing pilot projects to improve energy and resource efficiency. The parties exchanged cooperation documents following the meeting.
Another project, worth US$1 million, was discussed with the Global Green Growth Institute (GGGI), the Korean Green New Deal Trust Fund (KGNDTF) and the National Energy Efficiency Agency.
The project aims to assess the potential for energy savings in Uzbekistan’s industrial sector and prepare economically viable regional projects to reduce climate impact.
The ministry also discussed a US$400,000 project titled “Comfortable and Efficient Cities for Living” with the French Development Agency (AFD) and Expertise France. It focuses on the sustainable development of urban infrastructure. Following the talks, the parties exchanged trilateral documents supporting the programme.
A separate meeting was held with representatives of Singapore. The discussions covered cooperation under Article 6.2 of the Paris Agreement, the introduction of international carbon market mechanisms, and improvements to Uzbekistan’s legal and institutional framework in this area.
The parties also considered opportunities to participate in international carbon credit trading, exchange experience and expand practical cooperation.
