Kazakhstan elected as a member of the Clean Technology Fund (CTF) Committee of the Climate Investment Fund (CIF)

Kazakhstan has been elected as a member of the Clean Technology Fund (CTF) Committee of the Climate Investment Fund (CIF) for the period from January 2025 to December 2027. Background: The Climate Investment Funds (CIF) consists of two trust funds: the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF), each managed by a …

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CAREC explores the possibilities of obtaining green financing

The Regional Environmental Centre for Central Asia (CAREC) is taking measures to develop green finance in the region. The organization is considering the prospects for accreditation in leading international institutions to strengthen its role in supporting adaptation and mitigation of climate change in the countries of Central Asia. On December 24, at the IGTIP seminar …

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SEFE Marketing&Trading Limited to invest in forest planting in Kazakhstan

SEFE Marketing&Trading Limited to invest in forest planting in Kazakhstan The Prime Minister of Kazakhstan discussed the launch of the forest climate project with a representative of a British company Photo: Primeminister.kz Prime Minister Olzhas Bektenov held a meeting with the Vice President for Asset Management of the British company SEFE Marketing&Trading Limited Alexander Demidov …

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COP29 President Calls for Radical Increase in Climate Finance

He turned to multilateral development banks. Mukhtar Babaev Photo: ARA The current UN Climate Change Conference is being called the “financial COP” because for the first time in 15 years it will consider the volume and structure of financing for developing countries to support measures to combat climate change, Asia-Plus correspondent reports from Baku. “We …

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Tajikistan will need $96 billion to adapt to climate change

Tajikistan will need $96 billion for measures to adapt the country to climate change and transition to a “green” economy. This estimate is given in the country report on climate and development, which was prepared by the World Bank and the Committee for Environmental Protection of Tajikistan, Fergana.ru reports. The report notes that Tajikistan will …

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CAREC Ministers Launch Regional Climate Fund

CAREC Ministers Launch Regional Climate Fund It will assist Tajikistan and other CAREC countries in developing bankable climate projects. Participants at the CAREC Ministerial Conference in Astana Photo: ADB The Central Asia Regional Economic Cooperation (CAREC) Program member countries have endorsed a new Climate Action Plan and launched a Climate and Sustainable Development Project Preparation …

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Climate Change Losses in Central Asian Countries to Reach 3.8 Percent — ADB

Annual losses of Central Asian countries from climate change will reach an average of 3.8 percent of their gross domestic product (GDP), according to  an analysis by the Asian Development Bank (ADB). In a new Asia-Pacific climate report, experts looked at the economic impacts of climate change through 2100. According to the modeling results, it was possible …

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Almaty Akimat and IFC Sign Agreement on Issuance of Green Bonds for Up to USD 200 Million

Photo: Almaty Akimat During the visit to Kazakhstan of the Regional Director of the International Finance Corporation (IFC) for Turkey and Central Asia, Wiebke Schloemer, a mandate letter was signed between the Akimat of Almaty and the IFC – an agreement on conducting an assessment of projects to attract investment. In accordance with the mandate …

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CAREC in Kyrgyzstan conducted training for administrations of natural parks and reserves

September 13, experts and specialists of the Country Office of the Regional Environmental Centre for Central Asia (CAREC) for Kyrgyzstan conducted a training on the topic “Additional financial opportunities for specially protected natural areas” for representatives of the Department of Biodiversity Conservation and Protected Areas and the administrations of state natural parks and reserves of …

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