Climate Investment Assessment Approaches
On September 7, 2017, Almaty hosted a training on approaches for assessing climate investments, which was organized within the framework of the CAMP4ASB project. The main aim of this training was a raising awareness of credit specialists, who are the members of project’s National Coordination Units (NCUs) about climate change processes in the agricultural sector and possible implementation of approaches in the assessment of climate component in credit applications.
The training was attended by representatives of the groups, who are implementing national components of the CAMP4ASB project: the Rural Restructuring Agency under Ministry of Agriculture and Water Resources of the Republic of Uzbekistan; Ministry of Finance of the Republic of Tajikistan; Committee for Environmental Protection under the Government of the Republic of Tajikistan.
Subcomponent “Investment Financing” of the CAMP4ASB project, aims to increase productivity and address climate change by promoting the adoption of rural production, land management, and other climate-resilient and mitigation investments, by providing financing via sub-loans at the village community and resource-user levels. Thus, in addition to other key criteria for the issuance of credits, it is necessary that the funded activities contribute to the adaptation of the borrower to the negative effects of climate change, or reduce greenhouse gas emissions.
The participants have familiarized with general information on causes and consequences of climate change on global level, challenges for Central Asia region, as well as adaptation to climate change in agriculture (general terms, climate risks and possible solutions).
National experts of the project have presented the experience of similar credit programs in Tajikistan and Uzbekistan.
Moreover, during the training were examined the results of the assessment of climate risks on separate territories of Central Asia and discussed the ways of integration of climate component into the process of credit applications consideration.