Turkmenistan to create Green Climate Fund
Further steps to increase Turkmenistan’s access to international climatic financing for implementation of the National Climate Change Strategy were addressed at a seminar conducted by the UNDP Turkmenistan.
The national seminar brought together national experts, representatives of ministries and departments, as well as international structures in Turkmenistan in the area of climate change adaptation.
Achieving the Sustainable Development Goals and accelerating climate action requires countries to change financing methods by creating policies that would divert funds to a low-carbon, climate-resilient future. The new edition of the National Climate Change Strategy of Turkmenistan defines the country’s readiness to take concrete steps in the field of reducing greenhouse gas emissions, temperature growth rate control, as well as adapting to climate risks.
In this regard, it is important to familiarize representatives of state and private structures with the existing mechanisms and systems of international climatic financing, identify further steps to improve Turkmenistan’s access to it. Countries need to ensure integrated management of all available resources and create institutions for the effective management of climatic financing.
The volume of climatic financing is constantly growing, there are such large donor players as the Global Environment Facility, Adaptation Fund, Green Climate Fund and others.
According to representatives of the Ministry of Agriculture and Environmental Protection of Turkmenistan, a project on climate risk management is being developed jointly with the Green Climate Fund, and a project is being prepared jointly with the Adaptation Fund.
Financing issues were also discussed at the UN Climate Summit held recently in Madrid, with the participation of the delegation of Turkmenistan. Experts addressed the issue of green bonds to finance environment projects.
