• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 -0%
  • TJS/USD = 0.09694 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
08 May 2025

Viewing results 1 - 6 of 172

Central Asia’s Green Energy Dream: Too Big to Achieve?

Although most Central Asian nations are heavily dependent on fossil fuel production and exports, they are aiming to significantly increase the use of renewable energy, hoping to eventually become crucial suppliers of so-called green electricity to Europe. Achieving such an ambitious goal will be easier said than done, given that developing the green energy sector in the region requires massive investment. What Central Asian states – struggling to attract long-term private capital into clean energy projects – need is financing for projects that modernize power networks, improve grid stability, and enable cross-border electricity flows. These upgrades are essential for large-scale renewable energy deployment and regional trade in power. Most actors in Central Asia seem to have taken major steps in this direction. In November 2024, at the COP29 climate conference held in Baku, Kazakhstan signed several deals worth nearly $3.7 billion with international companies and development institutions to support green energy projects. Neighboring Uzbekistan, according to reports, has attracted more than €22 billion ($23.9) in foreign investment in renewable energy, while Kyrgyzstan, Turkmenistan, and Tajikistan – which is aiming to generate all its electricity from green energy sources by 2032 – have developed strategies to help increase their renewable potential. But to turn their goals into reality, all these nations will need funding – whether from oil-rich Middle Eastern countries, China, the European Union, or various international financial institutions. Presently, the development of the Caspian Green Energy Corridor – which aims to supply green electricity from Central Asia to Azerbaijan and further to Europe – remains the region’s most ambitious project. According to Yevgeniy Zhukov, the Asian Development Bank's (ADB) Director General for Central and West Asia, this initiative is a strategic priority for Kazakhstan, Uzbekistan, and Azerbaijan. “While the prospect of exporting green electricity to Europe is part of the long-term vision, the core goal of the initiative is to accelerate green growth within the region,” Zhukov told The Times of Central Asia. Together with the Asian Infrastructure Investment Bank, the ADB is funding a feasibility study for this proposed transmission corridor. The study will assess the technical and economic viability of such a system, along with the environmental and regulatory requirements. In the meantime, the ABD is expected to continue funding other green energy projects in the region. The financial entity, according to Zhukov, invested $250 million in Uzbekistan in 2023 to support renewable energy development and comprehensive power sector reforms, while in other Central Asian countries, it remains “firmly committed to driving the green energy transition.” “For instance, in Tajikistan we are exploring the potential to co-finance the Rogun Hydropower Project alongside the World Bank and other international partners. In Kyrgyzstan, our focus has been on supporting foundational reforms in the energy sector, including strengthening the policy and regulatory environment to attract private investment in renewables. In Turkmenistan, we’ve launched a total of $1.75 million technical assistance initiative to help lay the groundwork for future renewable energy development,” Zhukov stressed, pointing out that these efforts are part...

UN Backs Earthquake Victims Day, Highlighting Uzbekistan’s Seismic History

On April 29, the United Nations General Assembly officially declared a new international observance — the International Day in Memory of the Victims of Earthquakes. The initiative, jointly proposed by Chile, the Philippines, and Uzbekistan, received widespread support from UN member states. The day will be commemorated annually to honor the victims of past earthquakes and raise awareness about seismic risks and disaster preparedness. Earthquakes remain among the deadliest natural disasters in human history, responsible for massive destruction and loss of life. Most recently, on March 28, a powerful earthquake in Myanmar claimed more than 3,700 lives. In Turkey and Syria, millions are still recovering from the devastating earthquakes of 2023, which killed over 55,000 people. Uzbekistan’s Permanent Representative to the United Nations, Ulugbek Lapasov, stated that the declaration is not only a tribute to victims but also a global call to action. “We thank all member states who supported the resolution, as well as the United Nations Office for Disaster Risk Reduction for their help,” he stated. Uzbekistan has itself experienced devastating earthquakes. One of the most significant occurred in the early morning of April 26, 1966, when a powerful earthquake struck the capital city of Tashkent. The disaster left 300,000 people homeless and caused severe damage to homes, schools, hospitals, and factories. Eight people were killed, and about 150 were injured. Important documents and photographs from the 1966 disaster are preserved in the Central State Archive of Tashkent. Located in a seismically active region, Tashkent has a long history of earthquakes. Historical sources, including the writings of 19th-century historian Muhammad Solih, document earlier seismic events, such as the destructive earthquake of April 1866, which caused widespread damage to mosques and homes and many deaths. The city’s history of resilience lives on today. Many of Tashkent’s buildings, decorated with colorful mosaics, were built during the post-earthquake reconstruction.

Opinion – Central Asia’s Looming Water Crisis: A Ticking Time Bomb

When people think of Central Asia, they often picture vast deserts, ancient Silk Road cities, and oil pipelines stretching to distant markets. Yet the region’s most urgent and combustible resource is not buried underground — it flows above it. Water, or more precisely the lack of it, is rapidly becoming the defining fault line of Central Asia’s future. For decades, the five Central Asian republics have tiptoed around a growing water crisis. The two major rivers that sustain life in this arid region, the Amu Darya and the Syr Darya, are now so contested and depleted that what was once a technical issue has metastasized into a geopolitical threat. The region's major rivers, the Amu Darya and the Syr Darya are under immense pressure, threatening agriculture, livelihoods, and regional stability. At the heart of the crisis is a tragic irony. The upstream countries, Kyrgyzstan and Tajikistan, are rich in water but poor in energy and cash. They need to release water in winter to generate hydropower. Downstream nations, particularly Uzbekistan and Turkmenistan, want water stored until the summer to irrigate vast cotton and wheat fields. The result? Mutual distrust, occasional diplomatic spats, and an accelerating race to dam, divert, and hoard water in a region already gasping under the weight of climate change. A Region Parched Central Asia annually utilizes over 60 billion cubic meters of water for irrigation from the Amu Darya and Syr Darya basins. However, recent years have seen a decline in river flows, with the actual flow of the Syr Darya being 20–23% less than the norm. Further, the ghost of the Aral Sea — a once-thriving inland lake that has now shrunk by over 90% in its volume and 74 % in surface area — serves as a haunting reminder of the cost of mismanagement. The Soviet legacy of excessive irrigation has morphed into a post-Soviet scramble for control, where water is not just a tool of survival but a lever of power. This desiccation has transformed the region, leading to the emergence of the Aralkum Desert and causing severe ecological and health issues. Climate Change Intensifies the Crisis Climate change is exacerbating water scarcity in Central Asia. A recent study revealed that an extreme heatwave in March 2025, with temperatures soaring 5 to 10°C above pre-industrial levels, was significantly amplified by global warming. Such temperature surges accelerate glacier melt and increase evaporation rates, further reducing water availability. By some estimates, Central Asia could lose over 30% of its freshwater resources by 2050. Yet, rather than galvanize cooperation, this existential threat has sparked more competition. International efforts have largely fallen flat. The International Fund for Saving the Aral Sea (IFAS), the region’s main water cooperation body, is riddled with inefficiencies and lacks enforcement power. External actors like China and Russia have their own interests, often deepening the regional divide rather than healing it. Inefficient Water Management Inefficient agricultural practices remain one of the most profound and persistent contributors to water mismanagement across Central Asia. In...

UN Adopts Uzbekistan’s Initiative on Global Forest Restoration

The United Nations General Assembly has adopted a resolution put forward by Uzbekistan to declare 2027-2036 as the Decade for Afforestation and Reforestation. The announcement was made in a statement by Uzbekistan’s Ministry of Foreign Affairs. Titled “The Decade of Action for Sustainable Forest Management, Afforestation, and Reforestation”, the resolution was passed during a session in New York and garnered the support of over 80 co-sponsoring nations. Among them were all Central Asian countries, as well as Azerbaijan, Russia, Brazil, Austria, Germany, Finland, Portugal, India, Iran, Pakistan, the United Arab Emirates, Qatar, and Bahrain. According to the Foreign Ministry, the resolution is grounded in several environmental initiatives championed by President Shavkat Mirziyoyev, including the national “Green Space” project, the “Year of Environmental Protection and Green Economy” program, and the “Central Asian Green Belt” tree-planting campaign. The document urges nations and international organizations to intensify their efforts and pool resources to safeguard forests and rehabilitate degraded ecosystems, particularly in arid and semi-arid regions. This marks the second recent environmental resolution initiated by Uzbekistan and adopted by the UN. In 2024, the General Assembly supported a separate proposal focused on sustainable forest management and the restoration of degraded lands, including drylands, as part of broader efforts to combat ecological degradation. Uzbekistan’s flagship environmental initiative, Yashil Makon (Green Space), was launched in 2021 and aims to plant one billion trees and shrubs nationwide within five years.

Ecologists Warn Central Asian Dams May Threaten UNESCO Heritage Site

A coalition of international environmentalists is sounding the alarm over the impact of large-scale dam construction in Central Asia, warning that it could cause irreversible harm to the Western Tien Shan, a UNESCO World Heritage Site jointly shared by Kazakhstan, Kyrgyzstan, and Uzbekistan. Dam Projects Multiply Across Region According to a recent report by the coalition Rivers Without Boundaries, dozens of new hydropower projects are either in development or under construction across the region. The group says this wave of dam-building poses a significant threat to the unique ecosystems and biodiversity of the Western Tien Shan, which was inscribed on the UNESCO World Heritage List in 2016 due to its exceptional natural value. The report identifies more than five dams already constructed in recent years, with an additional 15 to 40 projects currently in the pipeline. These developments are affecting key river systems, including the Chatkal, Ugam, Pskem, and Aksu, which play a vital role in sustaining the region’s delicate ecological balance. Protected Areas Under Pressure Some of the most contentious projects are unfolding inside or near designated conservation zones. In Kyrgyzstan, a dam is planned within the Besh-Aral Nature Reserve, while gold mining activities have already degraded parts of the Chatkal River valley. In Kazakhstan, officials are considering a series of dams in Sayram-Ugam National Park. Uzbekistan is also pressing ahead with new hydropower schemes, including one on the Pskem River, drawing criticism from environmental advocates. “Short-term economic goals are being prioritized over the long-term need to protect this globally important natural area,” said Eugene Simonov, international coordinator of Rivers Without Boundaries. He urged UNESCO and the broader international community to intervene before further damage is done. Threats to Rare Species and Ecosystems Environmentalists argue that dam construction is fragmenting river systems and isolating animal habitats, particularly those of rare and endemic species. The snow leopard and several native fish species are among the wildlife at risk. Floodplain forests and wild fruit tree habitats, critical components of the area’s biodiversity, are also under threat. Alexander Kolotov, regional director of Rivers Without Boundaries, highlighted the dangers of building dams within protected national parks. “We are not properly measuring the impact on fish and river ecosystems,” he said. “If this continues, we could lose many species forever.” Legal and Diplomatic Concerns The group further contends that several dam projects may be violating international agreements, including the World Heritage Convention and the Espoo and Aarhus Conventions. These treaties require environmental impact assessments, public consultation, and cross-border cooperation, all of which may be lacking or inadequately implemented. Rivers Without Boundaries has formally petitioned UNESCO to add the Western Tien Shan to its List of World Heritage in Danger. The proposal is expected to be reviewed at the UNESCO World Heritage Committee session scheduled for July 2025. Previously, Evgeny Vinokurov, Vice-Chairman and Chief Economist of the Eurasian Development Bank, issued a stark warning about Central Asia’s looming water and energy crisis, noting that regional development must be carefully balanced with environmental protection.

EDB Chief Economist Outlines Central Asia’s Water Challenges and Proposes Solutions

Evgeny Vinokurov, Vice-Chairman and Chief Economist of the Eurasian Development Bank (EDB), presented a sobering assessment of Central Asia’s water and energy challenges at the Annual Meetings of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) on April 23. The event, held in Muscat, Oman, featured a plenary session dedicated to sustainable water management and practical strategies for addressing mounting environmental pressures in the region. Shrinking Glaciers and Growing Demand Vinokurov unveiled findings from the EDB’s think tank research, which paint a stark picture: Central Asia’s glaciers have shrunk by 30% over the past 50 years, while water demand continues to rise. Despite this, much of the region's water infrastructure remains outdated and inefficient, resulting in a loss of 40-55% of available water. Additionally, 10 million people in Central Asia still lack access to safe drinking water. Without targeted intervention, annual water scarcity could reach 5-12 cubic kilometers by 2028. National Commitments and Regional Coordination The EDB report emphasized water conservation as a critical pillar in the region’s response to these challenges. Several countries are already pursuing large-scale water-saving initiatives: Kazakhstan plans to expand water-saving irrigation technologies to 150,000 hectares per year by 2030. Uzbekistan has committed to saving 15 billion cubic meters of water. Kyrgyzstan aims to construct 106 new reservoirs to secure water supply. “Central Asia’s water crisis cannot be solved in isolation,” said Vinokurov. “Our research provides a roadmap for efficiency, investment, and, most importantly, regional cooperation. This is why the water-energy nexus remains a strategic priority for our Bank, both in terms of investments and research.” Localizing Water Solutions The EDB, in partnership with the United Nations Industrial Development Organization (UNIDO), recently published a report titled Irrigation Equipment Production in Central Asia: Industrialising the Water Sector, calling for localized production of irrigation equipment to enhance water efficiency and reduce dependency on imports. Another key publication from the EDB, The Irtysh River Basin: Transboundary Challenges and Practical Solutions, focuses on the Irtysh River basin shared by China, Kazakhstan, and Russia. The report outlines increasing water demand across the basin and proposes measures for managing cross-border water resources through collaborative frameworks. Uzbekistan Joins the EDB On April 9, Uzbekistan became the seventh member of the Eurasian Development Bank, joining Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The move is expected to provide new avenues for Uzbekistan to modernize its infrastructure, particularly in the transport, energy, and water sectors, and support its broader industrial and agricultural development goals.