Chapter 6 | PROJECTS
The table below summarizes the climate finance contribution by action:
Prior Action
Climate Relevance
Financing Type
PA1 – Strengthening energy sector’s financial sustainability
Not climate-relevant
N/A
PA2 – Strengthening energy sector’s regulatory framework
50% of US$6.1m = US$3.0m
Mitigation
PA3 – Improving railway sector reform
50% ofUS$6.1m = US$3.0m
Mitigation
PA4 – Liberalizing agriculture sector
50% of US$6.1m = US$3.0m
Adaptation
PA5 – Improving investment environment
Not climate-relevant
N/A
PA6 – Strengthening public financial management
50% of US$6.1m = US$3.0m
Adaptation
PA7 – Improving in-work social and domestic protection
Not climate-relevant
N/A
PA8 – Improving energy efficiency
100% of US$6.1m = US$6.1m
Mitigation
PA9 – Strengthening water resources management
100% of US$6.1m = US$6.1m
Adaptation
PA10 – Strengthening environmental impact assessment
100% of US$6.1m = US$6.1m
Adaptation
PA11 – Improving air quality
Not climate-relevant
N/A
PA12 – Improving framework for green bonds and climate financing 50% adaptation, 50% mitigation = US$3.0m + US$3.0m
Mitigation & adaptation
Total OPEC Fund Climate Finance Contribution:
Mitigation :
Adaptation:
US$ 15.2 million
US$ 27.3 million
(2.5 actions)
(4.5 actions)
This results in an overall climate finance share of approximately 58 percent of the total loan amount, equivalent to US$42.4 million, with adaptation representing 64 percent and mitigation 36 percent. The figures reflect a balanced approach across mitigation and adaptation goals with a particular emphasis on supporting Uzbekistan’s resilience to climate risks such as water scarcity and agricultural vulnerability, while simultaneously facilitating decarbonization efforts in the energy, transport and finan- cial institutions sectors.
This allocation aligns with the OPEC Fund’s Climate Action Plan and the World Bank’s climate co-benefits methodology and directly supports Uzbekistan’s updated NDC targets under the Paris Agreement.
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