Climate change poses a significant and growing threat to the economies, ecosystems, and livelihoods in Central Asia. Uzbekistan and the Kyrgyz Republic are two countries at the crossroads of ambitious development agendas and acute climate vulnerability. Despite increasing recognition of these challenges, a persistent gap remains between the scale of investment required to achieve climate targets and the volume of finance currently flowing to climate-relevant sectors. 

This Climate Finance Gap Assessment and Action Plan was developed through a stakeholder consultation with public and private sector actors in Uzbekistan and the Kyrgyz Republic, complemented by a focused review of relevant policy, regulatory, and institutional documentation. The report aims to assess the climate finance gap in both countries by comparing investment needs to current and future finance flows, identifying barriers to climate-aligned investments, and outlining an actionable roadmap. It examines demand and supply for climate finance, analyses gaps, and suggests priority reforms, capacity-building, and ways to mobilize private investment.  

This is the full version of the report. Click here to access the version of the report focused on GRAPHS AND CHARTS.

This material has been developed by Global Green Growth Institute (GGGI) and PricewaterhouseCoopers (PwC) as part of the project “Bridging the Gaps of Climate Finance in Central Asia.” The project is implemented by the Global Green Growth Institute (GGGI) under the Small Grants and Climate Innovation Facility (SGCIF), which is funded by UK International Development. SGCIF is a part of the regional programme “Climate Risk Management in Central Asia”, implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Government. The project is implemented in collaboration with the Ministry of Economy and Finance of the Republic of Uzbekistan and the Ministry of Economy and Commerce of the Kyrgyz Republic.