Uzbekistan: Accelerating the Uzbekistan Climate Transition for Green, Inclusive, and Resilient Economic Growth (Subprogram 1)

approved

The proposed Program will support the Government of Uzbekistan (GoU) in responding to strategic climate priorities and address the critical binding constraints to help achieve resilient, inclusive, and low-carbon economic growth. The Program will be co-financed by the Asian Development Bank (ADB) as the lead co-financier. The proposed Program is aligned with Uzbekistan's updated National Determined Contribution (NDC, 2021), which emphasizes mitigation and adaptation measures required for the country to reduce greenhouse gas emissions, as well as adapt to the impacts of climate change. It is also aligned with the national development strategy "New Uzbekistan 2030" and the Strategic Framework of Transitioning to a Green Economy 2030. The Program will focus on (i) strengthening the institutional framework, planning, budgeting, and monitoring mechanisms for the implementation of climate change actions; (ii) strengthening climate change adaptation priorities by enhancing climate resilience of water and land resource management,  increasing agriculture productivity and improving social protection systems, implementing climate and sustainability risk disclosures for state-owned enterprises (SOEs); and (iii) accelerating transitioning to a low-carbon economy, particularly in the climate-critical sectors of transport and energy through e-mobility and energy efficiency related reforms.