CAREC launches regional climate fund to strengthen regional collaboration on climate resilience

0
1K

Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new Climate Change Action Plan (CCAP) and launched the CAREC Climate and Sustainability Project Preparatory Fund (CSPPF) to strengthen regional collaboration on climate resilience, low-carbon growth, and sustainable development.

The endorsement took place at the 23rd CAREC Ministerial Conference held today in Astana. Ministers also endorsed the Midterm Review of the CAREC 2030 Strategy, which recommended reinvigorating regional cooperation and enhancing operations toward climate-smart development and regional public goods, among others.

“The approval of the CAREC Climate Change Action Plan and the establishment of the Climate and Sustainability Project Preparatory Fund are significant milestones in our collective efforts to address climate change,” said Asian Development Bank (ADB) President Masatsugu Asakawa, who delivered a keynote address at the conference.

“By working together, we can build resilient infrastructure, develop early warning systems, and create a greener future powered by renewable energy,” he added.

The CAREC Program is a partnership of countries in Central Asia, the Caucasus, South Asia, and East Asia, and development partners aiming to promote sustainable development through regional cooperation.

It facilitates practical, results-based regional projects and policy initiatives to accelerate economic growth and reduce poverty in the region. ADB hosts the CAREC Secretariat.

The CCAP, spanning from 2025 to 2027, prioritizes initiatives to implement the CAREC Climate Change Vision.

It focuses on four main areas to tackle climate challenges in the region.

It aims to help countries better prepare for and respond to climate risks; enhance the water-energy-food nexus; promote low-carbon growth by reducing emissions and expanding renewable energy; and create a CAREC climate platform.

The CSPPF will assist CAREC countries in developing bankable regional climate projects aligned with their commitments under the Paris Agreement.

Today, ADB also signed fund contribution agreements with the Ministry of Finance of the People’s Republic of China and the Ministry of Economy and Finance of the Republic of Korea, generating a total of $5 million initial funding for CSPPF.

During his visit to Kazakhstan, Asakawa met with President Kassym-Jomart Tokayev to discuss ongoing cooperation and future initiatives with ADB.

He will also participate in a ceremony celebrating 30 years of partnership between ADB and Kazakhstan and witness the signing of a loan agreement to reconstruct 208 kilometers of road in central Kazakhstan.

Since Kazakhstan joined ADB in 1994, the bank has committed around $7 billion in support to the country through loans, grants, and technical assistance for both public and private sector development projects and initiatives.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.

Established in 1966, it is owned by 69 members — 49 from the region.

 

#ClimateAction #SustainableDevelopment #CAREC #RenewableEnergy #ClimateResilience #Ifvex

贊助
贊助
搜尋
贊助
類別
閱讀全文
藝術
Popular Internet casino Heists together with Scams: Real-Life Tales
Online casino get enthralled people since then making use of their blend of dangers, repay, in...
Recicev Recicev 2024-11-09 05:52:36 0 766
其他
《月上朝颜》:情感与命运的交织,现实与梦幻的碰撞
 ...
King Seven 2024-08-26 03:00:32 0 3K
園藝
Discover Premium HHC Flowers: Your Legal Source in Germany
Discover Premium HHC Flowers: Your Legal Source in Germany In recent years, the demand for...
Ahmed Ali 2024-11-02 10:21:12 0 875
購物
橋丹鞋:從籃球場到時尚巅峰的傳奇之旅
耐克喬丹(Nike Jordan),壹個融合了傳奇籃球運動員邁克爾·喬丹(Michael...
111 111 2024-10-09 03:47:30 0 2K
園藝
Rummy VIP APK
Rummy VIP APK: A New Card Game Experience Rummy VIP APK is a new mobile application...
111 111 2024-09-26 07:22:24 0 2K