▲ Up
 
18:57 22-11-2017
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
CAREC countries to discuss new technology and financing for future energy
Central Asia | politics | 17:02, 18 July 2017 | 1545

AKIPRESS.COM - Officials from the Central Asian Regional Economic Cooperation (CAREC) countries, experts from international financial institutions, and private sector representatives gathered July 18 for a 2-day forum in Astana to discuss financing and leapfrogging technologies for the region to tackle climate change, the Asian Development Bank said.

The second CAREC Energy Investment Forum, which seeks to increase investment in clean energy in the CAREC countries, is jointly organized by the Government of Kazakhstan’s Ministry of Energy and the Asian Development Bank (ADB) within the framework of the EXPO 2017 international exhibition: Future Energy.

“Central Asian economies identified energy infrastructure investment needs of $93 billion to 2023. The countries also face an urgent need to invest in climate-resilient infrastructure and clean energy sources. Close collaboration among the governments, development partners, and private sector is vital to mobilize resources and support green economic growth in the region,” said Sean O’Sullivan, ADB’s Director General for Central and West Asia.

The main topics that will be discussed at the Forum include how developing countries can lead the world to a fossil fuel free future by leapfrogging technologies, attract private sector financing for these projects, ways to innovative financing, vision for future of energy by multilateral donors, and credit enhancement options offered by export credit agencies and export-import banks. Participants will also share experiences on securing financing for energy projects, including renewable energy opportunities in Pakistan, solar manufacturing in Kazakhstan, and a case study from the People’s Republic of China (PRC) on attracting investment through green financing platform.

The CAREC Program is a partnership of 11 countries — Afghanistan, Azerbaijan, Georgia, the PRC, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan — supported by 6 multilateral institutions, working together to promote development through cooperation. CAREC helps Central Asia and its neighbors realize their significant potential by promoting regional cooperation in four priority areas: transport, trade facilitation, energy, and trade policy.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.

LATEST NEWS
18:02 'How can I not award my viziers' — Atambayev about Farid Niyazov and Ikram Ilmiyanov17:54 Atambayev: "I expelled US military base because we offended Russia and China"17:39 Normalization of Tajik-Uzbek relations might help finish construction of Rogun HPP — EDB17:35 Atambayev said his dream to hold fair presidential election came true17:15 Poverty is also a psychosocial problem17:13 House for culture workers to be build for $6.7 million – Atambayev17:12 Atambayev says he wanted to award his wife order of courage: "She could stand me 30 years"16:33 South Korean clinic might appear in Uzbekistan16:16 US Navy aircraft carrying 11 crashes into the Pacific Ocean; 8 have been found16:12 Atambayev congratulates employees of prosecutor's office on professional holiday16:06 PM gives 0.5-year deadline for Transport Minister to pull Kyrgyzstan out of list of air carriers banned in the EU15:54 Kyrgyzstan, Russia working on supplying fuel residues to Kyrgyzstan15:51 Kyrgyzstanis with biometric passports to be able to pass checks at airports without border guards15:33 PM Isakov: "Situation with Kazakhstan serves as a lesson for us. We must work on achieving fifth freedom of the air"15:28 New Deputy Foreign Ministry named in Tajikistan15:10 Uzbek newspaper journalist fined for illegal work activity in Russia14:59 15yo girl urges Kyrgyz Parliament to ratify UN Convention on Rights of Persons with Disabilities14:50 Hungarian businessmen plan to invest 34 million euros in Kyrgyzstan14:34 Salyanova says she does not want murder of her brother to be politically motivated more than anyone else14:18 Atambayev allocates addictional 1 million som for meals of truck drivers standing in queue on Kyrgyz-Kazakh border
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06