The Food and Agriculture Organization of the United Nations (FAO) recently held a workshop in Tashkent to promote green financing mechanisms in Uzbekistan. Green finance is the practice of investing in projects that reduce the negative environmental impact and support the Sustainable Development Goals. The FAO project is aimed at encouraging environmentally friendly agricultural practices that take into account the country’s climate.
“Green financing initiatives are essential for the advancement of climate-optimized agriculture. By focusing on the efficient use of natural resources and sustainable farming methods, we can attract domestic and international investments to support initiatives in climate-optimized agriculture,” said FAO Assistant Representative in Uzbekistan Sherzod Umarov.
The project is expected to help Uzbekistan achieve the goals of its “Uzbekistan – 2030” Strategy and the Agriculture Development Strategy for 2020-2030. The workshop was attended by representatives from the government and banking sectors, who discussed existing green financing mechanisms, innovative approaches to developing financing models for climate-optimized agriculture in Uzbekistan, and the possibilities of their implementation in financial institutions.
Gulrukh Abdullaeva, UzA