Tashkent, Uzbekistan – On March 12, 2026, the second day of the regional seminar “Supporting the Implementation of NDC 3.0 in Central Asia and the Caucasus: Regional Approaches and Tools for Monitoring and Reporting on Adaptation and Climate Finance Mobilization” focused on resource mobilization for the implementation of Nationally Determined Contributions (NDCs) and improving transparency in climate finance.
The first session addressed the role of climate finance in supporting NDC implementation and the link between resource mobilization and climate transparency systems. Nailya Timerkhanova provided an overview of regional needs for mobilizing climate finance and emphasized the importance of transparent monitoring of financial flows to support the implementation of climate commitments.
Alexander Temirbekov, transparency expert, presented an assessment of Kyrgyzstan’s financial needs for implementing NDC 3.0. According to the analysis, the total cost of implementing the updated NDC is estimated at approximately USD 23.1 billion, with a financing gap of about USD 9.3 billion, highlighting the need for additional international support and investment.
Aslan Shikhaliev from the Ministry of Ecology and Natural Resources of Azerbaijan shared the country’s experience in developing institutional mechanisms for tracking climate finance within the MRV system. He highlighted the importance of clear institutional roles, standardized reporting approaches, and centralized data management to improve transparency and reliability of climate finance data.
The second session focused on the development of a regional approach to a “green” taxonomy in Central Asia. Consultant Ivan Filiutsich presented the main results of the analysis of sustainable finance taxonomies and their role in directing financial flows toward environmentally sustainable economic activities and climate-related investments.
He noted that the development of a common regional taxonomy could become an important instrument for mobilizing investments for sustainable development and strengthening transparency in climate finance across the region. The presentation also introduced a climate finance tracking checklist, developed based on ICAT methodological approaches to support government institutions in identifying and reporting climate finance flows and related projects.
During the practical session, participants worked in groups to discuss possible approaches to applying a regional green taxonomy and climate finance tracking tools in their national contexts.
The seminar concluded with a summary of key outcomes and discussions on next steps to strengthen regional cooperation on climate transparency and support the implementation of NDCs in Central Asia and the Caucasus.
Additional information:
Dilovarsho Dustzoda - ReCATH Project Manager, recath_manager@carececo.org
Valeriya Orlova - ReCATH Project Specialist, vorlova@carececo.org
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