• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00192 0%
  • TJS/USD = 0.09224 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 -0.14%
22 January 2025

Viewing results 1 - 6 of 95

AIIB Approves $250 Million to Support Uzbekistan’s Climate Transition

The Asian Infrastructure Investment Bank (AIIB) has approved a $250 million program to support Uzbekistan’s transition to a green and sustainable economy. The funding will help Uzbekistan achieve its goal of reducing greenhouse gas emissions per unit of GDP by 35% by 2030, compared to 2010 levels, and foster sustainable economic growth. The program focuses on three key areas. First, it aims to strengthen governance by improving climate policies and integrating climate goals into national decision-making processes. Second, it addresses better management of water and land resources, reduces climate risks, and supports economic development. Finally, the program promotes low-carbon solutions in energy, transportation, and e-mobility, with a strong emphasis on energy efficiency and sustainable practices. The initiative encourages state-owned enterprises to adopt climate risk disclosure practices and expand renewable energy projects. AIIB Vice President Konstantin Limitovskiy emphasized the importance of the collaboration between AIIB, the Asian Development Bank (ADB), and Uzbekistan. “By integrating climate priorities into economic planning, enhancing adaptation measures, and driving decarbonization in critical sectors like energy and transport, this program plays a key role in supporting Uzbekistan’s efforts to implement its 2030 national strategy and fulfill its Nationally Determined Contribution under the Paris Agreement,” he said. Kanokpan Lao-Araya, the ADB Country Director for Uzbekistan, highlighted that climate change presents a substantial challenge to the country’s long-term economic stability. She emphasized that the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) are collaborating to support Uzbekistan in achieving resilient, inclusive, and low-carbon economic growth. Uzbekistan’s Ministry of Economy and Finance will lead the program, with support from other government agencies. AIIB and ADB will oversee its implementation to ensure it aligns with Uzbekistan’s broader development goals.

Kazakhstan and World Bank Partner on Water Conservation at One Water Summit

A memorandum of understanding has been signed to enhance water resource management and environmental conditions, including in the North Aral Sea and its surrounding basin, between Kazakhstan’s Ministry of Water Resources and Irrigation and the World Bank. As climate change continues to significantly impact water resources in Central Asia, exacerbating water scarcity and management challenges, this agreement underscores a shared commitment to ensuring sustainable and equitable water resource management for future generations. The memorandum was formalized following a meeting between Kazakhstan’s President Kassym-Jomart Tokayev and World Bank Group President Ajay Banga during the One Water Summit in Riyadh, Saudi Arabia, on December 3. Co-organized by French President Emmanuel Macron, Tokayev, and World Bank Group President Banga, in partnership with Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman, the summit sought to accelerate progress toward Sustainable Development Goal 6 (clean water and sanitation) and discuss innovative solutions ahead of the 2026 UN Water Conference. During the summit, Tokayev stressed the importance of bolstering reservoir capacity, preserving glaciers, and adopting advanced irrigation systems to secure stable water access. Tokayev proposed creating a global partnership to unite research centers focused on glacier preservation. “Glaciers are integral to the global water cycle, sustaining rivers and lakes that supply water to nearly two billion people worldwide. Collaborative research and unified policies are essential to mitigate glacier loss and support water management strategies in vulnerable regions,” he said. He warned that water scarcity poses risks to food security, energy production, and industrial growth, adding that investments in water-efficient agriculture and renewable energy can enhance economic resilience while alleviating environmental pressures. “Water knows no borders; it binds communities and ecosystems,” Tokayev remarked. As Chair of the International Fund for Saving the Aral Sea, he emphasized Kazakhstan’s commitment to fostering regional cooperation and joint action. “It is vital for countries at the forefront of combating climate change to strengthen dialogue, build international partnerships, and pool resources to implement water projects. Kazakhstan is proud to join the One Water Vision coalition, uniting stakeholders to address the global water crisis and promote integrated water resource management. As part of these efforts, with United Nations support, Kazakhstan will host a Regional Climate Conference in 2026,” Tokayev concluded.

Caspian Sea Water Decline Requires Urgent Action, Says UNEP Chief

By the end of this century, the water levels of the Caspian Sea could drop by up to 18 meters, a decline that would devastate ecosystems and species, threaten livelihoods, and jeopardize food security and regional stability. Inger Andersen, Under-Secretary-General of the United Nations and Executive Director of the United Nations Environment Programme (UNEP), highlighted this concern during the event, “Caspian Sea Water Decline in Light of Climate Change” at COP29 in Baku, Azerbaijan, on November 18. According to Andersen, the Caspian Sea, the largest enclosed body of water on Earth, “is under siege from the triple planetary crisis: the crisis of climate change, the crisis of nature, land and biodiversity loss, and the crisis of pollution and waste.” Andersen warned that without urgent action, this environmental and human crisis may result in as many as five million people being displaced from the Caspian basin by the middle of the century. [caption id="attachment_25708" align="aligncenter" width="722"] Inger Andersun; image: UNEP[/caption] The UNEP chief mentioned the impacts of the Caspian crisis: declining fisheries, salinization threatening agriculture, and the critically endangered Caspian seal — a species found nowhere else on Earth — facing extinction. Andersen emphasized the critical importance of the Tehran Convention — “the cornerstone for regional cooperation on the Caspian Sea.” The Framework Convention for the Protection of the Marine Environment of the Caspian Sea (Tehran Convention) was signed by the five Caspian littoral states — Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan — in 2003 and entered into force in August 2006 after being ratified by all five governments. [caption id="attachment_25706" align="aligncenter" width="2560"] Aktau, Kazakhstan; image: TCA, Ola Fiedorczuk[/caption] The Tehran Convention “provides a platform to align our efforts, to unite science and policy, and to prioritize sustainable development across this unique region. As the interim Secretariat of the Tehran Convention, UNEP is proud to support these vital efforts and remains firm in its commitment to providing technical expertise, fostering collaboration, and supporting innovative financing mechanisms to address this urgent challenge,” said Andersen, emphasizing that robust monitoring and predictive models are essential to understanding and managing the drivers of Caspian water level changes. “Science must inform every decision we take, whether on climate adaptation, biodiversity protection or pollution control,” Andersen stated, calling for regional cooperation to be strengthened. “The challenges the Caspian faces transcend borders. Solutions must do the same. Through trans-boundary collaboration, we can craft integrated solutions that safeguard ecosystems, support livelihoods, and promote equitable economic growth,” she stated. The Times of Central Asia earlier reported that the abundant floodwater in April-May 2024 raised Kazakhstan’s Caspian Sea water level by over a meter. On July 1, Kazakhstan’s Ministry of Water Resources and Irrigation announced that the water level in the northeastern part of the Caspian Sea had risen by 119 cm since the beginning of 2024. The COP29 summit has been widely criticized for its "theatrics," "slow progress," and handing out the "red carpet" treatment to fossil fuel bosses.

Climate Crisis in Central Asia: Kyrgyz Geologist Spells Out Threat of Disappearing Glaciers

Kyrgyzstan's President Sadyr Japarov has warned at the COP29 climate summit in Baku that Kyrgyzstan’s glaciers have shrunk by 16% over the past 70 years, a trend that could accelerate if immediate action is not taken. Glaciers are a crucial source of drinking water for Kyrgyzstan and the broader Central Asian region. Japarov emphasized that the continued reduction in glacier size will lead to water scarcity and bring severe social, economic, and environmental consequences. “Our region is among the most vulnerable to global warming. By 2100, we may lose more than half of all glaciers,” he said, stressing the need for regional cooperation on green projects to mitigate the impacts of climate change. Kyrgyz glaciologists at the Institute of Geology have been monitoring the region’s glaciers since the early 1940s. Senior researcher Ilya Mezgin explained the alarming rate of glacier loss. “If you look at maps from 1943, two-kilometer glaciers were visible on the Chatkal Ridge in western Kyrgyzstan. Today, they’ve disappeared entirely from satellite images,” Mezgin told The Times of Central Asia. The melting has worsened over time. In 1985, Kyrgyzstan had 8,200 glaciers. That number has since dropped to just 6,500. Glaciers at lower altitudes are melting the fastest, while larger glaciers are expected to last until 2100. Mezgin noted that western glaciers in the Talas region are particularly at risk of disappearing. The mountains of the Tian Shan are composed in the main of crystalline and sedimentary rocks of the Paleozoic Era (i.e., about 540–250 million years ago). growth of the Tian Shan continued until 250 million years ago, when a large continental plate, known as Tarim, collided with Asia. The State Agency for Geology of Kyrgyzstan has suggested that glaciers can both retreat and regrow over time. However, the current trend is one of significant retreat.

Bishkek Secures Multi-Million Dollar Grants at COP29 Conference in Baku

Boobek Azhikeev, the head of Kyrgyzstan’s Ministry of Emergency Situations, held several meetings with representatives of international institutions during the COP29 conference in Baku. Protocols and memorandums were signed, and a joint action plan for 2025-27 was developed. “I would like to highlight our meeting with the regional director of the Green Climate Fund, where we discussed a $25 million grant,” stated Kyrgyz EMERCOM spokeswoman Elnura Muktarova. “These funds are intended to support Kyrgyzstan’s Hydrometeorological and Forestry Services, as well as the Training and Research Center of the Ministry of Emergency Situations. We anticipate beginning these projects next year.” Azhikeev also negotiated with FETNet, a Finnish company that will provide advanced training for the Hydrometeorological Service. FETNet has offered to train Kyrgyz specialists in Finland and will present cutting-edge technologies to improve the accuracy and timeliness of weather forecasts. In addition, the Ministry of Emergency Situations announced that it had reached an agreement with the Asian Development Bank (ADB) to secure $60 million for strengthening the banks of the Kara-Darya, Chu, and Yassy rivers. This funding aims to reduce flood risks and enhance the ecological situation in the region. Of the total, 40% will be provided as a grant, while the remainder will be offered as a loan. During a meeting with representatives from the Financial Service under the Government of South Korea, discussions centered on financing Kyrgyzstan’s Forest Service. The South Korean representatives pledged support in the form of laboratory equipment, high-quality seeds, and digital mapping tools to combat pasture degradation and enhance forestry management. Kyrgyz Ministry of Emergency Situations officials also met with Turkish EMERCOM representatives and the Turkish Cooperation and Coordination Agency (TIKA) to discuss joint efforts in responding to emergency situations.

ADB Launches ‘Glaciers to Farms’ Initiative to Combat Climate Change in Central Asia

The Asian Development Bank (ADB) has unveiled a new regional initiative, Glaciers to Farms, aimed at promoting sustainable water management and food security in Central Asia, the South Caucasus, and Pakistan. The program addresses the severe effects of accelerated glacial melt caused by climate change. Backed by the Green Climate Fund (GCF), ADB will conduct risk assessments of glacial melt in Azerbaijan, Kyrgyzstan, Tajikistan, and Uzbekistan to establish a scientific and technical foundation for the program. Regional Cooperation for Glacier Preservation On November 14 in Baku, Azerbaijan, a declaration of support for glacier preservation was signed by several regional leaders: Azerbaijan’s Minister of Ecology and Natural Resources Mukhtar Babayev, Kazakhstan’s Minister of Ecology and Natural Resources Yerlan Nyssanbayev, Kyrgyzstan’s Minister of Natural Resources, Ecology and Technical Supervision Meder Mashiev, Tajikistan’s Committee on Environmental Protection Chairman Bahodur Sheralizoda, and Uzbekistan’s Minister of Ecology, Environmental Protection, and Climate Change Aziz Abdukhakimov. They were joined by ADB President Masatsugu Asakawa and GCF Chief Investment Officer Henry Gonzalez. “As melting glaciers change water flows, disrupt lives, and destroy ecosystems, we must act now,” said Asakawa. “As Asia and the Pacific’s climate bank, we are pleased to be joined by key partners to launch this program to drive international collaboration and deliver results where they matter most—on the ground, in communities at risk.” The Urgent Need for Action Temperatures in the region are expected to rise by up to 6 degrees Celsius by 2100. The resulting loss of glacial mass poses a dire threat to ecosystems, jeopardizing water supplies for agriculture and hydropower and endangering the livelihoods of over 380 million people. The Glaciers to Farms program aims to mobilize up to $3.5 billion in funding from ADB, GCF, governments, development partners, and the private sector. Beyond investments in water and agriculture, the program will prioritize vulnerable communities in fragile mountain regions that are most threatened by glacial melt. Global and Regional Efforts The United Nations General Assembly has declared 2025 the International Year of Glacier Preservation, with Tajikistan set to host the International Conference on Glaciers’ Preservation in Dushanbe next year. At a high-level event in Baku on November 12, Tajikistan's President Emomali Rahmon underscored the importance of preventing further glacier melt and preserving fragile ecosystems. Rahmon highlighted the establishment of the International Trust Fund for the Preservation of Glaciers under the United Nations’ auspices and noted the UN’s recent adoption of a resolution—initiated by Tajikistan and France—declaring 2025-2034 the Decade of Action for Cryospheric Sciences. This resolution calls for enhanced efforts to safeguard glaciers globally. Rahmon also proposed creating a Regional Coordination Center for Glaciology in Dushanbe under the World Meteorological Organization’s guidance. The center would study the impact of climate change on glaciers in collaboration with development partners.