Uzbekistan has signed a major financing agreement with the Asian Infrastructure Investment Bank (AIIB), securing $500 million to support the country’s shift toward a low-carbon and climate-resilient economy.
The programme, approved in late November, is designed to strengthen environmental governance and accelerate national reforms in energy, industry and public administration.
According to AIIB, the funding will help Uzbekistan make its energy sector more transparent, introduce climate-oriented procurement standards and create clear rules for the generation and trading of carbon units.
The programme also envisages a modern reporting and verification system to ensure reliable carbon-emissions monitoring.
A key focus is the expansion of green energy and resource-efficient technologies. Broader access to such technologies could reduce energy costs for households, particularly vulnerable communities, while improving overall air quality according to the Bank.
The reform package is also expected to attract additional climate financing and encourage greater private-sector involvement in sustainability projects.
AIIB regional director Konstantin Limitovsky said the agreement marks an important step for Uzbekistan’s environmental policy.
“By advancing critical climate reforms, this programme lays the foundation for sustainable growth and broader participation in Uzbekistan’s green transition,” he said.
Implementation of the programme will begin in 2026. Officials say the reforms will support Uzbekistan’s long-term goals to reduce emissions, modernise public infrastructure and strengthen resilience to climate change.
China’s Belt and Road Initiative recorded its strongest year since launch in 2025, with Chinese investment a...
Reports that Emmanuel Macron planned to cross from Armenia into Türkiye via their closed border - and was reportedly blocked following co...
Turkish drone manufacturer Baykar signed its first export agreement on Wednesday for...
As diplomatic talks over a possible U.S.–Iran framework agreement continue, analysts are assessing how any deal could alter security dynamics...
Two Chinese-British dual nationals have been found guilty by a London court of spying for China. Chung Biu “Bil...
China’s Belt and Road Initiative recorded its strongest year since launch in 2025, with Chinese investment and construction activity surging across Asia, Africa and the Middle East despite years of criticism that the programme was losing momentum.
Turkish drone manufacturer Baykar signed its first export agreement on Wednesday for the newly unveiled Bayraktar Kızılelma unmanned aerial vehicle (UAV).
As diplomatic talks over a possible U.S.–Iran framework agreement continue, analysts are assessing how any deal could alter security dynamics across the Middle East.
Two Chinese-British dual nationals have been found guilty by a London court of spying for China. Chung Biu “Bill” Yuen, 65, and Chi Leung “Peter” Wai, 40, targeted prominent Hong Kong pro-democracy activists living in the UK, whom they referred to as “cockroaches.”
The U.S military said it carried out retaliatory strikes on Iran on Thursday (7 May). Meanwhile, Iran's Joint Military Command accused the U.S. of breaching the ceasefire, by striking an Iranian oil tanker in the Strait of Hormuz and launching attacks on several Iranian cities.
U.S. President Donald Trump said that Iran wanted to negotiate and make a deal in comments to reporters on Wednesday (6 May). But earlier, he warned Washington would ramp up attacks if no agreement was reached.
Argentinian authorities are reconstructing the journeys of Dutch citizens who presented with symptoms of deadly hantavirus after visiting Argentina and Chile as part of a luxury cruise trip, the country's Health Ministry said in a statement on Wednesday (6 May)
The 61st Venice Biennale has opened under grey skies and political tension, with disputes over Russia and Israel, resignations on the jury, and protests marking the start of one of the art world’s most high-profile events.
Latvian authorities said two drones entered NATO member Latvia from Russian territory and crashed on Thursday morning, with officials linking them to Ukraine’s wider drone operations against targets in Russia.
Turkish drone manufacturer Baykar signed its first export agreement on Wednesday for the newly unveiled Bayraktar Kızılelma unmanned aerial vehicle (UAV).
Iran’s parliamentary speaker has warned that Tehran still faces the risk of military or terrorist attacks, despite reports that a peace agreement with the U.S. could be announced this week.
Ukraine’s military said it struck a Russian Karakurt-class small missile carrier in the Caspian Sea near Russia’s Dagestan region on Thursday. The extent of the damage is still being assessed, according to Kyiv.
An Israeli air strike has killed the son of Hamas’ chief negotiator in U.S.-mediated Gaza talks, as group leaders met in Cairo to shore up a fragile ceasefire with Israel.
Reports that Emmanuel Macron planned to cross from Armenia into Türkiye via their closed border - and was reportedly blocked following consultations with Azerbaijan - have sparked renewed debate on South Caucasus diplomacy.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment