President Sadyr Japarov asked development partners to support the initiative to create a regional center for the implementation of energy-efficient and resource-saving technologies in Bishkek during his speech at the COP29 summit of world leaders on climate action in Baku.

He said that with global climate change accelerating, there is a need to agree on coordinated, well-funded climate action to achieve the ambitions of the Paris Agreement.

“We support the earliest possible adoption of a new collective quantitative target for climate finance and call on developed countries to increase the amount of assistance to developing countries within the framework of climate finance to $2 trillion, while facilitating access to this financing,” said Sadyr Japarov.

He noted that Kyrgyzstan initiated a mechanism for exchanging external debt for climate and sustainable development projects.

“We propose restructuring the external public debt of the republic by applying mechanisms to replace debt with specific green projects, including using the mechanism of the climate trust fund being created in the Kyrgyz Republic, from which projects in the field of ecology and sustainable mountain development will be financed. I invite interested countries to participate in the activities of this fund. Taking this opportunity, I would like to express my gratitude to Turkey and Germany, since these two countries have decided to transfer debts to “green” projects,” the president added.

He noted that carbon neutrality is planned to be achieved through the development of renewable energy sources, increased energy efficiency, reduced coal consumption through gasification, reduced losses in the transmission and distribution of electricity, and improved heating systems in cities.

Sadyr Japarov recalled that the project for the construction of the Kambarata HPP-1 has begun with neighboring countries.

“In the context of climate change, issues of efficient and careful use of water resources are becoming increasingly important. In this regard, we ask development partners to support our initiative to create a regional center in Bishkek for the implementation of energy-efficient and resource-saving technologies,” he urged.

Let us recall that the 29th Conference of the Parties to the UN Framework Convention on Climate Change is being held in Baku from November 11 to 22. About 100 heads of state and government, 150 delegations from all over the world are taking part in the work.

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