TASHKENT, Uzbekistan, April 22. Uzbekistan has
proposed the creation of a unified investment portfolio of
climate-related projects across Central Asia, aiming to consolidate
regional green initiatives into a single strategic framework,
Trend reports via the
press service of the Uzbek president.
The initiative was announced by President Shavkat Mirziyoyev at
the Regional Ecological Summit.
According to him, the formation of a consolidated portfolio
would allow the region to present a coherent development strategy
rather than a fragmented set of projects, thereby increasing
investor interest and improving the efficiency of
implementation.
In addition, Mirziyoyev proposed establishing an
intergovernmental consortium titled “Clean Air of Central Asia”,
which would address the region’s worsening air quality. The
proposed structure is expected to function as a joint platform for
"green” financing, supporting industrial modernization and the
deployment of emission reduction technologies.
The President also put forward the idea of creating a "Central
Asian Green Trade Corridor" to accelerate the region’s
technological transition. The initiative would introduce
preferential customs regimes and mutual recognition of
environmental certificates, facilitating trade in eco-friendly
products and improving regional industrial competitiveness.
At the same time, Uzbekistan reported significant progress in
its climate commitments. The country has already exceeded its
obligations under the Paris Agreement by reducing emissions by 35%
ahead of schedule and has set a new target of cutting emissions by
50%by 2035.
In the energy sector, the share of renewable sources in
Uzbekistan’s generation capacity has reached 30 %, with projections
indicating it will surpass 50% by the end of the decade, reflecting
the country’s accelerating transition toward a greener energy
mix.
