• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00210 0%
  • TJS/USD = 0.10563 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28530 0%

Viewing results 133 - 138 of 876

Opinion: A Railway to the Future – Uzbekistan’s Bold Path to Connectivity and Carbon Cuts

I still remember the thrill of boarding the sleek high-speed train from Tashkent to Bukhara. What could have been an ordinary journey turned into something unforgettable - the kind of experience that stays alive in the memory long after the trip ends. The speed, the comfort, and above all, the hospitality of Uzbekistan Railways revealed more than just modern engineering; it was a glimpse into the vision of a country determined to connect its people and its future to the wider world. The resonance of this project is deep. The Silk Road was once the artery of global exchange, moving not just goods but ideas, cultures, and entire civilizations between East and West. From Xi’an to Samarkand, Bukhara, and Tashkent, caravans carried silk, porcelain, and paper eastward, while wool, stones, fruits, and glassware travelled west. The CKU Railway is not simply another infrastructure project; it is the revival of this legacy, adapted for the 21st century. By shortening transport routes by nearly 900 kilometers and halving transit times, it promises to transform Uzbekistan’s geographic disadvantage into a strategic strength. For a landlocked country, this is more than steel on tracks - it is a lifeline to global markets. That is where railways carry an underappreciated advantage. Beyond the economics, rail is also a climate solution. The International Energy Agency (IEA) has found that rail freight is three to four times more energy-efficient than trucks. Trains use 65–80% less fuel per kilogram of cargo. The European Environment Agency calculates that a ton of freight moved by train emits 14–20 grams of CO₂ per kilometer, while the same tonnage on trucks produces 60–120 grams. That is a four- to fivefold difference. If the 20th century belonged to highways, the 21st must belong to railways. To grasp what this means for Central Asia, consider the region’s emissions profile. According to the EDGAR 2023 dataset, annual greenhouse gas emissions (excluding LULUCF, 2022) stand at roughly 320 MtCO₂e for Kazakhstan, 214 MtCO₂e for Uzbekistan, 99 MtCO₂e for Turkmenistan, 22 MtCO₂e for Kyrgyzstan, and 21 MtCO₂e for Tajikistan. Transport is responsible for around a tenth of that, and road freight dominates. The opportunity for reductions through a modal shift is therefore enormous. Take Uzbekistan as a case in point. The country moves about 90 billion ton-km of freight annually, within a regional total of some 350 billion. At present, 70% of this moves by road and 30% by rail. Imagine that by 2035, half of current road freight shifts to electrified rail - around 32 billion ton-km. On trucks, that freight would generate 2.9 MtCO₂e per year. On electrified trains, it would produce only 0.54 MtCO₂e. The savings: 2.4 MtCO₂e annually, or more than 1% of Uzbekistan’s entire national emissions. For a single infrastructure project, that is an extraordinary return in climate terms. The regional potential is just as striking. If similar shifts occurred across Central Asia, annual savings would reach 7–9 MtCO₂e by 2035 - the equivalent of removing two million cars from the road....

Earthquake Shakes Bishkek; No Major Damage Reported

A magnitude-4.3 earthquake struck near Besh-Kungey, about 19 km southeast of Bishkek, on September 12, 2025, at around 2:00 PM local time. The quake was very shallow - just 1 km deep - making its tremors strongly felt across the city. Local media outlet AKIpress described the quake as “strong,” with residents reporting shaking windows, rattled dishes, and minor panic, though no serious damage or injuries have been confirmed. The tremor’s intensity surprised many, given its moderate magnitude. No statement has yet been issued by the Kyrgyz Seismological Service confirming the depth or epicenter of the quake. Seismo.kg lists the event among recent felt tremors, but details remain scant. While the earthquake was clearly perceptible, especially in Bishkek, there are so far no reports of serious damage, injury, or casualties. Local authorities are monitoring the situation. Given Kyrgyzstan’s high seismic risk and known vulnerability in older or poorly constructed buildings, experts caution that even moderate quakes could carry elevated risk for such structures. This event underscores the seismic risk facing areas along fault lines in Central Asia. Though moderate in scale, it serves as a reminder of the importance of earthquake preparedness and resilient infrastructure in seismic zones.

Kyrgyz Energy Ministry Rejects Concerns About Seismic Safety of Future Kambarata-1 HPP

The Kyrgyz Ministry of Energy has dismissed concerns raised by leading seismologists about the seismic safety of the planned Kambarata-1 Hydropower Plant (HPP), a flagship regional energy project jointly backed by Kyrgyzstan, Kazakhstan, and Uzbekistan. Speaking at a parliamentary committee meeting on September 9, Kanatbek Abdrakhmatov, President of Kyrgyzstan’s National Academy of Sciences and Director of the Institute of Seismology, warned that the future dam may be vulnerable to strong earthquakes due to its proposed location. Seismic Warnings from Scientists “The dam is planned in a dangerous area, surrounded by mountains,” Abdrakhmatov said. “It may not withstand a powerful earthquake.” He stressed that preliminary seismic micro-zoning studies had not been conducted and said his institute had written twice to the Ministry of Energy requesting such research, but received no response. He warned that the destruction of Kambarata-1 in the event of a major earthquake could trigger cascading failures downstream, including at the existing Kambarata-2 HPP and other facilities. Ministry and International Experts Respond In a formal statement issued on September 10, the Ministry of Energy rejected the criticism and pointed to a recent review conducted by Swiss engineering consultancy AFRY, which is responsible for updating the feasibility study for the project. According to the ministry, AFRY commissioned a team of international experts, including renowned dam safety specialists Dr. Martin Wieland and Dr. Stefan Ehlers, to carry out a comprehensive seismic analysis of the proposed site. The assessment used geological, tectonic, and seismic data, as well as satellite imagery and historical earthquake records. The experts recommended constructing a curved gravity dam, which they said would improve both the structural stability and hydraulic performance of the plant. AFRY concluded that the dam would withstand projected seismic loads and stated that “its overall behavior in terms of load-bearing capacity is safe.” Ongoing Safety Measures The ministry also stated that further detailed safety studies are planned. These include the creation of a seismic micro-zoning map and the installation of three to five seismic monitoring stations at strategic points: along the dam’s axis, on both riverbanks, at the crest level, and upstream from the site. The Kambarata-1 HPP is expected to become the largest hydropower facility in Kyrgyzstan. With a projected capacity of 1,860 megawatts and average annual generation of 5.6 billion kilowatt-hours, the $4 billion project is seen as a critical step in alleviating chronic electricity shortages in the country. Construction Preparations Underway The Ministry of Energy has reported steady progress in preparatory works. Infrastructure projects currently underway include the construction of access roads, power transmission lines, a substation, a bridge across the Naryn River, and a shift camp for construction workers.  

Kazakhstan Sees Record Water Recovery in Northern Aral Sea

Kazakhstan’s Ministry of Water Resources and Irrigation has reported a record increase in the volume of water in the Northern Aral Sea, exceeding national and international expectations. Water Returns to the Sea Since 2023, approximately 5 billion cubic meters of water have flowed into the basin, bringing the total reserve to 24.1 billion cubic meters. This figure surpasses the target set under Kazakhstan’s Water Resources Management Concept, which had aimed for only 20.6 billion cubic meters by 2025. The current level was not expected to be reached before 2029. Minister of Water Resources and Irrigation Nurzhan Nurzhigitov said that with the support of a World Bank grant, a feasibility study is underway to raise the Kokaral Dam by two meters and construct a new hydraulic facility. The project is designed to stabilize water levels in the Akshatau and Kamystybas lake systems. “The project aims to increase both the volume and quality of water in the Northern Aral Sea, restore the Syr Darya delta, reduce salt dispersion from the exposed seabed, develop the fishing industry in the Kyzylorda region, and improve living conditions for local communities,” the minister stated. International Cooperation Deputy Minister Nurlan Aldamzharov has said the second phase of the initiative envisions raising the Northern Aral’s capacity to 35 cubic kilometers. He emphasized the critical role of regional cooperation, particularly with Kyrgyzstan, Tajikistan, and Uzbekistan, as the sea’s recovery depends on sustained inflows from the Syr Darya River. Ministry spokesperson Moldir Abdualyeva attributed the recent progress to “water diplomacy, effective resource allocation, and conservation efforts.” Environmental and Social Impact The increase in water volume has led to a corresponding expansion of the sea’s surface area. As of February 2025, the Northern Aral covered 3,065 square kilometers, an increase of 111 square kilometers over the past three years. This has reduced salinity levels and enabled the return of 22 fish species to the ecosystem. The annual fish catch now totals around 8,000 tons, offering renewed economic opportunities for local communities. To further support the region, Kazakhstan has raised subsidies for farmers implementing water-saving technologies, increasing compensation rates from 50% to 80%. Officials say the measure is intended to conserve water while promoting sustainable agriculture in surrounding areas. The Small Aral Sea, or Northern Aral, was formed in 1987 during the broader desiccation of the Aral Sea and preserved following the construction of the Kokaral Dam. In 2012, it was added, alongside the Syr Darya delta, to the Ramsar List of Wetlands of International Importance. Kazakhstan assumed the rotating chairmanship of the International Fund for Saving the Aral Sea (IFAS) in 2024, further strengthening its leadership role in regional water cooperation and ecosystem restoration.

Melting Glaciers Threaten Tajik Agriculture

Climate change in Tajikistan is no longer a future concern, it is an immediate crisis. Farmers across the country are grappling with the effects of melting glaciers, prolonged heatwaves, and dust storms that are disrupting traditional agricultural cycles. In Vahdat district, the Usto Murod farm has adopted a dual-harvest strategy to mitigate risk. “If one crop fails, the second helps cover the costs,” says farmer Galatmo Alieva. But increasingly rapid glacier melt has doubled irrigation needs from three rounds per season to six. Heatwaves and dust storms have further damaged crops, while honey yields have plummeted from 25 kilograms per hive to just five. To cope, Alieva’s family installed a biogas plant with support from the United Nations Development Programme (UNDP), saving between $550 and $1,100 annually. However, broader adaptation measures remain financially out of reach. Loan interest rates hover around 31%, and water-efficient drip irrigation is used only in greenhouses. Unequal Access, Dwindling Resources Other farmers face even harsher realities. Rain-fed plots deliver meager returns, pastures are drying up, and water distribution remains inequitable. “Those at the canal head take all the water,” laments farmer Bakhtiyor. Engineer Alexander Pirov warns that accelerating glacier melt threatens not only agriculture but also the country’s hydropower sector. By 2080, Tajikistan is expected to experience 12 additional days per year with temperatures exceeding 40°C, compared to the 1986-2005 average. Already, 70% of Tajikistan’s arable land is considered degraded. High Costs, Limited Support Water-saving technologies could significantly improve crop yields and farmer incomes, yet the upfront costs, estimated at $5,000 or more, remain prohibitive for most rural families. As climate risks intensify, Tajikistan’s rural population is increasingly vulnerable. Without targeted investments in adaptation, infrastructure, and equitable resource distribution, the country’s agricultural backbone may begin to fracture under the weight of a rapidly changing environment.

UNDP and Eldik Bank Partner to Advance Green Finance in Kyrgyzstan

Kyrgyzstan is taking a significant step toward building a greener and more resilient economy. On September 9, state-owned Eldik Bank and the United Nations Development Programme (UNDP) signed a memorandum of understanding to deepen cooperation in sustainable finance. The agreement aims to mobilize climate-related investments, develop sustainable financial products, and integrate Environmental, Social, and Governance (ESG) principles into Kyrgyzstan’s banking sector. It also outlines plans for joint research and knowledge exchange in climate finance, including the creation of tools to assess climate risks in lending operations. This initiative supports Kyrgyzstan’s updated Nationally Determined Contributions (NDC 3.0) under the Paris Agreement, which commit the country to reducing greenhouse gas emissions, expanding renewable energy, and enhancing climate resilience. It also aligns with the National Development Program through 2030, which prioritizes expanding the regulatory framework for green finance. “UNDP supports the development of sustainable finance solutions that reduce the carbon footprint of the economy, enable the green transformation of businesses, and create new opportunities for investment,” said Alexandra Solovieva, UNDP Resident Representative in Kyrgyzstan. For Eldik Bank, the partnership represents more than a financial commitment; it is a strategic step toward becoming a catalyst for climate-conscious economic development. “Together with UNDP, we aim to introduce products that promote green growth and sustainable business development for our clients,” said Ulanbek Nogaev, Chair of the bank’s Management Board. Green finance is gaining traction across Central Asia, a region still heavily reliant on extractive industries but increasingly vulnerable to climate risks such as water scarcity, extreme weather, and glacial melt. Kyrgyzstan’s efforts to empower domestic financial institutions signal that achieving climate goals will require more than policy declarations; it will demand concrete investments and innovation. The Eldik Bank-UNDP partnership also underscores the importance of regional cooperation. Similar initiatives are under discussion in neighboring countries, as Central Asia seeks to attract international capital for renewable energy, sustainable agriculture, and green infrastructure projects. If effectively implemented, Kyrgyzstan’s model could serve as a regional benchmark, demonstrating how national banks can help transform global climate commitments into tangible, growth-oriented outcomes.