The Global Green Growth Institute (GGGI) has helped Uzbekistan raise $1 bn in green financing, reports the Ministry of Ecology, Environmental Protection, and Climate Change.
With GGGI’s support, partner banks launched two green bond issuances on the London Stock Exchange. A large portion of the funds will support sustainable agriculture projects.
The Aral Sea GRIP project, launched with GGGI and the Korea International Cooperation Agency (KOICA), will help eco-friendly businesses in Karakalpakstan attract and manage green investments.
Farmers have access to training and consultations on climate-smart agriculture.
Project participants are also working with banks and credit institutions in Uzbekistan, training their employees on ESG (Environmental, Social, and Governance) principles and green finance.
Furthermore, SQB and Agrobank will develop standards for sustainable and green financing.
