The Ministry of Economy and Finance reported that Uzbekistan discussed projects related to the green economy and climate finance, totaling $8.3 million and €5.5 million, with international organizations and financial institutions during COP31.
These negotiations took place within the framework of the 31st Conference of the Parties to the UNFCCC, which was held in Antalya, Turkey, from November 9 to 20. The ministry's delegation met with representatives of international organizations and financial institutions.
A project worth $1.4 million was discussed with the United Nations Development Programme (UNDP) and the National Agency for Energy Efficiency. It involves redirecting subsidies that negatively impact the environment, improving the energy efficiency of public buildings, and developing mechanisms for green investment and financing. The parties also reviewed the implementation of integrated budgeting and exchanged a tripartite cooperation document in these areas after the talks.
Projects totaling €5.5 million were discussed with the German Agency for International Cooperation (GIZ). These initiatives include creating master plans for territories, implementing environmentally friendly business methods, and carrying out pilot projects to improve energy and resource efficiency. After the meeting, the parties exchanged cooperation documents.
Another project valued at $1 million was considered jointly with the Global Green Growth Institute (GGGI), the Korea Green New Deal Fund (KGNDTF), and the National Agency for Energy Efficiency. The goal of this project is 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 project titled 'Comfortable and Efficient Cities for Living,' worth $400,000, with the French Development Agency (AFD) and Expertise France. This project focuses on the sustainable development of urban infrastructure, after which the parties exchanged tripartite documents supporting this program.
A separate meeting was held with representatives from Singapore. Cooperation under Article 6.2 of the Paris Agreement, the introduction of international carbon market mechanisms, and the improvement of Uzbekistan's legal and institutional framework in this area were discussed. Furthermore, the parties examined opportunities for participation in international carbon credit trading, experience exchange, and expanding practical interaction.


