The Asian Infrastructure Investment Bank (AIIB) has approved $250 million in financing to support Uzbekistan’s accelerated climate transition to a green, inclusive and resilient economy.
This project marks an important milestone in promoting sustainable economic growth in line with the Uzbekistan 2030 Development Strategy, as well as the country’s commitment to reduce greenhouse gas emissions by 2030.
The project will cover three interrelated areas. First, it will improve climate-related governance structures. Second, it will focus on improving water and land management while promoting economic resilience. Thirdly, the project will accelerate the transition to low-carbon solutions in key sectors such as energy and transportation, prioritizing energy efficiency and sustainable practices.
In addition, the project will pay special attention to the implementation of sustainability and climate risk disclosure practices for state-owned enterprises, as well as to the expansion of renewable energy initiatives that benefit women and vulnerable communities.
