EBRD determined to bring down greenhouse gas emissions in Uzbekistan - bank official
Date
2/16/2022 1:04:29 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb.16
By Natavan Rzayeva - Trend:
EBRD pins hopes for the reduction of greenhouse gas (GHG)
emissions, including methane, in Uzbekistan by 35 percent by 2030,
representative of EBRD, Anton Usov told Trend .
He said that in this regard EBRD and Uzbekistan signed a
memorandum of understanding under which they have agreed to develop
a long-term low greenhouse gas emission and climate-resilience
strategy for the country.
Uzbekistan has increased its commitments in the updated natio
nally determined contribution (NDC) and intends to reduce specific
greenhouse gas emissions from the level of 2010 instead of 10
percent specified in the first NDC.
Meanwhile, Usov said that the EBRD has similar agreements with
other countries in Central Asia region.
'We have a similar accord signed with the government of
Kazakhstan', Usov said.
Previously, it was reported that Uzbekistan intends to implement
projects for the reduction of methane emissions. The Uzbek Ministry
of Economic Development and Poverty Reduction together with the
EBRD organized an online meeting to review and discuss foreign
experience in reducing methane emissions and possible mechanisms
for implementing projects on this issue in Uzbekistan.
In late January 2022, Usov said in an article on EBRD's website,
that the bank invested almost US$ 690 million (€607 million) in 22
projects in Uzbekistan in 2021, with Central Asia's most populous
state becoming the largest recipient of EBRD funds in the region
for the second year running.
He had said the Bank's funds promoted renewable power
generation, green lending, the upgrade of key infrastructure and
domestic small businesses. The previous record for the annual
investment in Uzbekistan was in 2019 when the EBRD pledged $575
million through 13 projects in various sectors of the national
economy.
To date, the EBRD has invested more than €2.85 billion through
106 projects in Uzbekistan.
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