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Dushanbe Conference – “Green” Finance To Promote Environmental Improvement

The Fourth Central Asia Climate Change Conference (CACCC-2021) has started to work in Dushanbe – capital of Tajikistan. Representatives of the International Green Technologies and Investment Projects Center (IGTIPC) took part in the event organized within the framework of " Climate Adaptation and Mitigation Program for Aral Sea Basin" (CAMP4ASB).

The aim of the conference is to strengthen regional dialogue, exchange competencies to support the system of making science-based and climate-resilient decisions, as well as to search opportunities to ensure synergy in the implementation of climate projects by international financial organizations and development agencies in Central Asia. This event is one of the projects, which regional component is implemented by the Regional Environmental Center for Central Asia (RECCA), commissioned and coordinated by the Executive Committee of the International Fund for Saving the Aral Sea (EC IFAS).

Daniyar Yerenchinov,  Chairman of the Board of Directors of IGTIPC noted in his speech that transition to a "green economy" is impossible without a developed "green" financing system.

Green finance refers to the use of financial services and tools to support economic activities that improve environment condition, mitigate climate change affects and use natural resources in more effective way. This economic activity includes the selection, financing and implementation of green projects. An important condition of “green” financing in the selection of “green projects” is an independent external assessment for its compliance with certain standards. Financial institutions are not able to determine to what kind of "green project" effects are achievable,Daniyar Erenchinov noted.

The Chairman of the Board of Directors of the Center has also emphasized that taking into account international experience, the Government of Kazakhstan proposed a mechanism for the examination of "green projects" in the Environmental Code. At the same time, the analysis of international experience also showed another direction to select projects through the mechanism of "green projects" classification. A unified classification system for sustainable performance or taxonomy, offers a unified system of terminology for sustainable development finance.

According to Daniyar Erenchinov, taxonomy helps in achieving six environmental goals: 1. mitigation of climate change effects; 2. adaptation to climate change; 3. water resources sustainable use and protection; 4. transition to a circular economy, waste prevention and recycling; 5. Pollution control and prevention; 6. Protection of  healthy ecosystems.

During the Conference, a series of events will be held on high-level intersectoral and inter-ministerial cooperation, scientific research and the role of young scientists. New knowledge, information on innovative technologies will be presented during the event, tools and products that have appeared over the past year in order to support the system of making climate-based decisions at the level of the country and the region as a whole will be demonstrated.

Countries-representatives will discuss their willingness on the path to the 26th session of the Conference of the Parties to the UNFCCC (COP-26), which will be held in November 2021 in Glasgow, as well as opportunities to represent the region and common positions on the planned decisions of COP-26.

The organizers expect that the conference will strengthen the regional dialogue of Central Asian countries to implement climate policy, discuss an approach to environmental recovery, including aspects of health, the role of civil society in the context of climate change and preparation to  COP-26.

The CACCC 2021 Final Document will summarize the key messages from all sessions and discussions throughout the event and inform stakeholders about the steps being taken and planned by the Central Asian countries towards the implementation of global climate commitments.

For more information kindly visit a website:  https: //centralasiaclimateportal.org.

Dushanbe Conference – “Green” Finance To Promote Environmental Improvement Dushanbe Conference – “Green” Finance To Promote Environmental Improvement
Mangilik El prospect, C1.4 Z00Y4T8 Nur-Sultan Akmola region Kazakhstan