Germany to Provide €3 mln to Uzbekistan for Green Economy Development

The German Agency for International Cooperation (GIZ) will invest €3 mln to help Uzbekistan’s private sector transition to a green economy, according to Uzbekistan’s Ministry of Economy and Finance.

Representatives from the ministry and GIZ Project Director Ilka Starrost signed the funding agreement during the UN Climate Conference in Baku.

This funding will drive improvements in the environmental sustainability of Uzbekistan’s industrial sector and introduce green economy practices within private enterprises. The project offers consultations on green industrialisation and greenhouse gas emissions certification.

GIZ will also assist Uzbekistan in adapting to international cross-border carbon regulations.

Under a previous agreement, «Supporting Private Sector Development and Economic Policy Advice in Uzbekistan,» signed in December 2023, GIZ allocated €9 mln to the country.

Kursiv Uzbekistan also reports that Uzbekistan, Kazakhstan, and Azerbaijan had agreed to form a strategic partnership to advance green energy initiatives.