green climate fund - The Times Of Central Asia

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Hydropower

Tajikistan Completes Modernization of Kairakkum Hydropower Plant

On November 20, Tajik President Emomali Rahmon officially inaugurated three newly modernized hydroelectric units at the Kairakkum Hydropower Plant (HPP) in Guliston, located in the northern Sughd region. Situated on the Syr Darya River, the Kairakkum HPP comprises six hydroelectric units, the last of which was commissioned in 1957. Over nearly seven decades of operation, the plant’s equipment had become outdated, leading to a decline in generation capacity. The facility currently provides electricity to approximately 500,000 residents in Sughd province. A modernization project for the aging plant began in August 2019. The first three upgraded units were brought online in September 2024. With the completion of the remaining three units, all six have now been fully renovated. [caption id="attachment_39735" align="aligncenter" width="1024"] Image: president.tj[/caption] Each upgraded unit now has a capacity of 29 MW, bringing the plant’s total capacity from 126 MW to 174 MW, an increase of 60 MW. As a result, annual electricity generation has risen from 650 million kWh to 900 million kWh. The modernization was backed by a $196 million financing package led by the European Bank for Reconstruction and Development (EBRD), which included: An $88 million EBRD loan A $37 million loan from the European Investment Bank A $50 million loan and grant from the Green Climate Fund A $21 million loan and grant from the Climate Investment Funds (CIF), directed to state-owned utility Barki Tojik. Tajikistan, which possesses vast hydropower potential but suffers from chronic energy shortages, has prioritized hydropower projects in recent years. Chief among them is the ongoing construction of the massive Rogun Dam and hydropower plant. These initiatives aim not only to address domestic supply issues but also to establish Tajikistan as a regional electricity exporter.

Climate Change

Central Asia Faces Billions in Climate Adaptation Costs, UNEP Warns

Central Asia ranks among the most climate-vulnerable regions in the world and will require tens of billions of dollars to adapt to the accelerating effects of global warming, according to a new report by the United Nations Environment Programme (UNEP). The report identifies Central Asia as one of the fastest-warming areas globally. However, current adaptation funding remains drastically insufficient to meet the growing threat. A Region Under Threat Developing countries worldwide, including those in Central Asia, will need up to $310 billion annually by 2035 to adapt to climate change. UNEP highlights the region’s specific challenges: rapidly melting glaciers, widespread soil degradation, worsening water scarcity, and increasing aridity, all of which endanger food security and energy sustainability. “If we don't start investing in adaptation now, we will face increasing costs every year,” said UNEP Executive Director Inger Andersen. Tajikistan and Kyrgyzstan are particularly exposed, with more than 70% of their populations employed in agriculture, which depends heavily on mountain rivers fed by glacial runoff. According to UNEP, glacier volumes in the region have shrunk by over 30% in the past decade. The changing flow of the Amu Darya and Syr Darya rivers threatens not only agriculture but also the hydropower sectors in both countries. Diminished access to water could lead to socio-economic instability in vulnerable communities. Funding Gap Widens UNEP estimates that developing countries in Europe and Central Asia need roughly $51 billion annually for adaptation. Yet, only a fraction of that figure is currently being met. Tajikistan, for example, has outlined total climate financing needs of $8 billion by 2030 and $17 billion by 2050. In Uzbekistan, the cost of modernizing irrigation and water management systems alone is expected to approach $10 billion by 2030. UNEP has urged governments in the region to accelerate the updating of national adaptation plans, many of which have not been revised in over a decade, and to enhance cooperation in the Amu Darya and Syr Darya basins. Priority areas include investment in irrigation infrastructure, early warning systems, and flood control. From Glaciers to Farms In response to UNEP’s findings, international organizations have begun to fund targeted adaptation initiatives. The Green Climate Fund, for instance, has approved $250 million for the From Glaciers to Farms program, spearheaded by the Asian Development Bank. The project aims to strengthen agricultural and water resilience in glacier-dependent countries in Central Asia, the South Caucasus, and parts of South Asia. It covers four major river basins: the Naryn and Panj in Central Asia, the Kura in the South Caucasus, and the Swat in Pakistan, benefiting approximately 13 million people. Funding will support the development of irrigation networks, reservoir construction, glacier monitoring, and early warning systems. The program also places a strong emphasis on empowering women entrepreneurs in agriculture and improving the financial sustainability of rural communities.

Glaciers

Glacier-Dependent Central Asian States to Benefit from ADB Climate Program

On October 29, the Green Climate Fund approved $250 million for Glaciers to Farms, a major adaptation initiative led by the Asian Development Bank (ADB) to build climate-resilient water and agricultural systems in glacier-dependent regions of Central Asia, the South Caucasus, and Pakistan. The funding, provided mostly as grants, will complement a broader $3.25 billion investment by ADB over the next decade. The program spans nine countries: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. These states rely heavily on glacier- and snow-fed rivers for agriculture, drinking water, and electricity. Accelerated glacial melt poses a direct threat to ecosystems and rural livelihoods, particularly in areas where one in four jobs depends on agriculture. By improving irrigation efficiency, expanding water storage, and investing in watershed management, the program seeks to reduce the growing frequency of droughts and floods linked to glacial melt. Glaciers to Farms will focus on four major glacier-fed river basins: the Naryn and Pyanj in Central Asia, the Kura in the South Caucasus, and the Swat in Pakistan. These basins cover about 27 million hectares and are home to an estimated 13 million people. The program will support glacier and climate assessments, upgrade monitoring networks, and introduce early warning systems to help communities prepare for glacial lake outburst floods and prolonged droughts. Beyond infrastructure, Glaciers to Farms will strengthen the capacity of local banks to finance agricultural enterprises, particularly those led by women, as part of its inclusive development approach. Climate-induced glacial retreat is a pressing concern for Central Asia, where glaciers supply up to 70 percent of river flows. The region contains more than 4,500 glacial lakes, many formed as a result of retreating ice. These lakes increase the risk of natural disasters such as lake outburst floods, avalanches, and landslides, threatening vulnerable mountain communities. Recognizing the urgency, the United Nations General Assembly has declared 2025 the International Year of Glacier Preservation. Tajikistan hosted the International Conference on Glaciers’ Preservation in Dushanbe in May, highlighting the region’s central role in global climate adaptation efforts.