• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00208 0%
  • TJS/USD = 0.10414 -0.29%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 13

Kyrgyzstan Seeks Climate Finance and Carbon Market Funding to Cut Emissions

Kyrgyzstan is preparing to sign a carbon project aimed at supporting the country’s transition to sustainable energy. The announcement was made by Energy Minister Taalaibek Ibrayev following a meeting with World Bank Country Manager for Kyrgyzstan Hugh Riddell on March 13. The initiative will be supported by the Transformative Carbon Asset Facility (TCAF), a World Bank trust fund designed to help developing countries introduce market-based carbon pricing mechanisms and attract private investment in low-carbon technologies. TCAF provides a hybrid financing model that combines climate finance with carbon market funding. Payments are made only after verified reductions in greenhouse gas emissions are achieved. The project is being implemented under the Innovative Finance for Resilient and Sustainable Energy Transition (iFIRST) program. According to Kyrgyzstan’s Ministry of Energy, it will use a results-based payment mechanism, meaning that emission reductions must first be measured and independently verified before financial compensation is disbursed. If the reductions are confirmed, Kyrgyzstan could receive up to $4.5 million in climate finance to support its commitments under the Paris Agreement. The initiative may also attract up to $5.5 million in additional funding through carbon market mechanisms. The project includes technical assistance grants of up to $1.5 million to strengthen the institutional capacity of government agencies, develop a national system for monitoring greenhouse gas emissions, and establish a national carbon unit registry. Officials say the initiative will help advance reforms in Kyrgyzstan’s energy sector, strengthen the country’s climate policy framework, and increase access to international climate finance. It is also expected to contribute to environmental sustainability, modernization of the energy sector, and reductions in greenhouse gas emissions. In July 2025, Kyrgyzstan’s Cabinet of Ministers approved the Concept for Achieving Carbon Neutrality in the Kyrgyz Republic. The strategy outlines a phased transition toward a carbon-neutral economy, focusing on key sectors including energy, transport, industry, agriculture, waste management, and forestry. The concept prioritizes reducing greenhouse gas emissions, expanding renewable energy, improving energy efficiency, restoring forest ecosystems, adopting innovative technologies, and integrating climate risks into national planning. The government views the initiative as a foundation for attracting climate finance, creating green jobs, and ensuring long-term environmental security. Under the strategy, Kyrgyzstan has pledged to achieve carbon neutrality by 2050 and reduce greenhouse gas emissions by 44% by 2030. Despite these ambitions, the country’s overall emissions remain relatively low, accounting for less than 0.032% of global greenhouse gas emissions. In October 2025, the Ministry of Natural Resources, Environment, and Technical Supervision published Kyrgyzstan’s first Biennial Transparency Report. According to the document, total greenhouse gas emissions in 2023 reached 19.38 million tons of CO₂ equivalent. Forests, soils, and other ecosystems absorbed 10.31 million tons, resulting in net emissions of 9.07 million tons. The energy sector remains the largest source of emissions, accounting for more than half of the total. Agriculture is the second-largest contributor, largely driven by livestock production. At the same time, emissions from transport, electricity generation, and heating have declined significantly since the early 1990s due to the adoption of cleaner technologies and...

Kyrgyzstan Launches Its First Solar Power Plant

On December 24, Kyrgyzstan inaugurated its first solar power plant in the Kemin district of the Chui region, approximately 100 kilometers east of the capital, Bishkek. The 100-megawatt facility was constructed with $56 million in Chinese investment and is expected to generate approximately 210 million kWh of clean electricity annually. According to government estimates, this output will reduce carbon dioxide emissions by 120,000 tons per year. Speaking at the launch ceremony, President Sadyr Japarov described the project as one of the largest foreign investments in Kyrgyzstan’s renewable energy sector to date. He said the plant signals a new phase in the country’s energy transition and its commitment to sustainable development. “The opening of the solar power plant marks the beginning of an important stage in strengthening our country’s energy independence and developing renewable energy sources,” Japarov said. “We now recognize that without the active development of renewables, it is impossible to fully ensure stable electricity supplies for both the population and economic sectors.” Japarov added that the Cabinet of Ministers has signed 12 agreements with investors to build solar and wind power facilities with a combined capacity of over 5 gigawatts. The solar plant is part of a broader development plan for the Kemin area and the wider Chui region, including the creation of an environmentally sustainable urban center, Kemin City. In January 2025, Japarov signed a decree allocating 353 hectares for the project, which aims to provide modern housing, reduce outward migration, and retain local skilled labor. Located about 95 kilometers from Bishkek, Kemin and the nearby town of Orlovka were once industrial hubs during the Soviet era. The collapse of the USSR led to the closure of many enterprises, triggering significant out-migration. The development of Kemin City and supporting infrastructure is intended to reverse these trends and revitalize the local economy. Also on December 24, President Japarov visited the construction site of a major cement plant in the Kemin district, another project backed by Chinese investment. Scheduled to be commissioned in 2027, the facility is expected to produce 3,200 tons of clinker per day. The project will create more than 300 jobs during the construction phase and over 500 permanent positions once fully operational. Japarov emphasized the strategic importance of the plant for the region’s socioeconomic development and instructed government agencies to provide full support to the project’s investor.

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....

Kazakhstan Considers Carbon Accounting System to Boost Emissions Transparency

Aydar Kazybayev, co-founder of the National Academy of Corporate Governance, has proposed the introduction of a carbon accounting system in Kazakhstan. He argues that such a system would enable the automatic calculation of greenhouse gas emissions at industrial enterprises and ensure more transparent and objective reporting. “Today in Kazakhstan, greenhouse gas emission reports remain virtually unchanged, and in some cases have worsened. This is due to different companies conducting annual verifications without a unified verification history,” Kazybayev said at the Central Asia Thermal Power Forum. He announced that a digital platform is scheduled for launch by the end of the year, aimed at integrating all combined heat and power (CHP) plants into a single emissions database. The system would allow companies to maintain carbon records independently via an aggregator or delegate the task to operators managing centralized “carbon accounts.” “Our main objective is to reduce the administrative burden on companies required to submit such reports,” Kazybayev emphasized. According to Kazakhstan’s most recent official submissions to the UN Framework Convention on Climate Change (UNFCCC), total greenhouse gas emissions stood at 375.4 million tons in 2020, declined to 328.4 million tons in 2021, and rose again to 353 million tons in 2022. The energy sector remains the largest contributor, accounting for 288.5 million tons in 2020, 251.4 million in 2021, and 281.9 million in 2022. Kazybayev also cited technological innovations in China as potential models. Specifically, he highlighted China’s Smart Green Energy platform, which enables real-time monitoring of coal consumption and emissions, and generates both daily and annual reports. This system, currently in use at all coal-fired power plants in China, costs approximately $30,000. “Such tools would be highly beneficial for Kazakhstan. They help accurately estimate resource usage and identify inefficiencies,” Kazybayev explained. He also pointed to China’s modernization of coal-fired thermal power plants, where heat pumps and geothermal technologies are being adopted. These systems extract thermal energy from the air, ground, or water and integrate it into heating networks. Air pollution remains a critical concern across Central Asia. As previously reported by The Times of Central Asia, the World Bank has attributed over 65,000 premature deaths annually to regional air pollution.

Kyrgyzstan Approves Plan to Achieve Carbon Neutrality by 2050

On July 3, Kyrgyzstan’s Cabinet of Ministers approved the Concept for Achieving Carbon Neutrality of the Kyrgyz Republic along with the action plan for its initial implementation phase. The approval marks a significant step in the country’s climate policy, setting long-term guidelines for sustainable development and signaling Kyrgyzstan’s political commitment to global climate goals. The concept outlines a phased transition to a carbon-neutral economy, targeting key sectors such as energy, transport, industry, agriculture, waste management, and forestry. It aims to reduce greenhouse gas emissions, promote renewable energy, enhance energy efficiency, restore forest ecosystems, adopt digital and innovative technologies, and integrate climate risk into state planning processes. The government sees the concept as a foundation for attracting climate finance, creating green jobs, and ensuring environmental security for future generations. It also reinforces Kyrgyzstan’s status as an active and responsible participant in the international climate framework under the Paris Agreement. Kyrgyzstan has pledged to achieve carbon neutrality by 2050, a commitment first announced by President Sadyr Japarov at the 2021 World Leaders Summit during the UN Climate Change Conference in Glasgow. The country has also set a target to reduce greenhouse gas emissions by 44% by 2030.

Kazakhstan, with China’s Help, Plans to Export Green Energy to Europe

Although Kazakhstan is a major producer of all fossil fuels – coal, crude oil, and natural gas – it also has the capacity to secure its energy future by prioritizing renewable energy. Fully aware of that, the European Union – one of the former Soviet republic’s most significant trade partners – aims to strengthen its energy ties with Astana, hoping to begin importing not only “green electricity” from the Central Asian nation, but also green hydrogen. On November 25, at Nazarbayev University in Astana, the “Energy in Transition – Powering Tomorrow” traveling exhibition was held, and one of the major topics discussed by energy experts was green hydrogen – hydrogen produced using renewable energy sources such as solar and wind power. It is unlikely a pure coincidence that the German Federal Foreign Office initiated the event. Over the past few years, Germany has shown interest in the development of the Kazakh green hydrogen sector. The most prominent green hydrogen project in Kazakhstan is currently being developed by Hyrasia One, a subsidiary of the German-Swedish energy company, Svevind. In 2021, the company announced its plans for €50 billion ($55 billion) green hydrogen project in the Mangystau Region in western Kazakhstan. It is expected that Hyrasia One will begin the production of green hydrogen in 2030, and the power plant will reach full capacity by 2032. Meanwhile, the authorities in Astana will need to find a way to export this form of renewable energy to Europe, a major energy market for Kazakhstan. Although Astana and Brussels signed a strategic partnership on the production of green hydrogen in November 2022, several challenges remain in the implementation of the deal. Issues such as the high cost, water scarcity in the largest Central Asian state (with water being the key component of green hydrogen production), and a lack of transport infrastructure, are significant barriers to exporting hydrogen from Kazakhstan to Europe. Using Russian gas pipeline systems for transportation of the Kazakh green hydrogen to Europe is not an option given current geopolitical circumstances. To resolve this transportation issue, the Kazakh authorities and their European partners could build hydrogen pipelines across the Caspian Sea, the Caucasus and Turkey to reach southern European countries. The problem is that building such a pipeline infrastructure is very expensive, and it remains uncertain who would be willing to fund such a project. That, however, does not mean that Kazakhstan cannot become Europe’s major green hydrogen supplier. What Astana would have to do, according to experts, is to convert the green hydrogen into green ammonia and then export it to Europe via the Middle Corridor – running through Kazakhstan, the Caspian Sea, Azerbaijan, and Georgia. On the Black Sea coast, ammonia would be loaded onto ships and transported past the Bosphorus to EU members such as Greece, Romania, and Bulgaria. From there, it would be sent further north, where green hydrogen would eventually be extracted from the ammonia. This is a rather complex process, and it is unclear how feasible and...