On October 22, 2020, the third Central Asian Conference on Climate Change (CACCC-2020) was held.
The issues of climate finance were discussed, the focus of which was directed to international funds and initiatives. Participants reviewed a review by the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, which defines climate finance as “local, national or transnational funds that are derived from public, private and alternative funding sources and that are aimed at mitigation and adaptation”.
The online conference was attended by regional representatives of Central Asia and international experts.
Summarizing the discussion on climate finance issues, the following key points can be highlighted:
- Over the past year, some progress was noted on the part of international funds represented by the GCF and the GEF in approving applications from the Central Asian countries to the Readiness Program (up to 3M). At the same time, it is necessary to take further steps towards access to large-scale climate projects in the region.
- It is important to understand the specifics of international climate funds and their strategic development in a pandemic. It is necessary to strengthen cooperation with international and regional organizations that can assist in attracting funding for regional and national projects on climate change.
- International assistance in the form of regional initiatives and support for dialogue platforms in the field of climate change and related disciplines (green technologies, efficient management of natural resources, etc.) is extremely important for the Central Asian countries, especially in terms of improving national policies, information exchange and capacity building.
More information here