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A step forward in strengthening Uzbekistan’s readiness for accessing climate finance from the Green Climate Fund

10.11.2016

A step forward in strengthening Uzbekistan’s readiness for accessing climate finance from the Green Climate Fund

Overall in the Central Asia region, and in particular in Uzbekistan there is an observed trend of increased climate warming. According to the UNEP aridity index, most of Uzbeksitan’s territory is characterized by increasing aridity. Climate change and climate-related disasters are threatening food security, livelihoods, and development gains in Uzbekistan, where the share of agriculture in GDP remains substantial. This sector faces serious challenges due to climate risks expressed in more frequent and increased water stress, intensified land degradation, mudflows and landslides. Floods threaten developing social and economic infrastructure and regional development. Thus, appropriate planning, design, finance and implementation of climate change mitigation and adaptation actions, as well as climate-risk management is highly demanded.

The financial needs for Uzbekistan to effectively mitigate and adapt to climate change are significant. With the operationalization of the Green Climate Fund (GCF), emerging programmes which support readiness activities to access its funds and of the recently adopted international climate agreement, this is a unique and timely opportunity for Uzbekistan to develop its institutional architecture for the effective, efficient, and sustainable management of climate finance.

The Green Climate Fund is the only financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) which is fully dedicated to financing the adaptation and mitigation needs of developing countries. In this regard, the United Nations Environment Programme (UNEP), United Nations Development Programme (UNDP) and the World Resources Institute (WRI) are jointly implementing a global GCF Readiness Programme, with funding from the Government of Germany. Technical assistance is provided to nine countries aimed at strengthening national capacities and mechanisms for accessing and managing funding from this Fund.