AIIB outlines key milestones for Uzbekistan’s low-carbon transition (Exclusive)

BAKU, Azerbaijan, March 17. The Asian
Infrastructure Investment Bank (AIIB) is playing a crucial role in
Uzbekistan’s ambitious $250 million program to transition toward a
low-carbon, resilient, and inclusive economy, AIIB’s Chief
Investment Officer Konstantin Limitovskiy told Trend.

Konstantin Limitovskiy outlined the expected milestones and
indicators that will be used to evaluate the progress of the
program, which targets the development of low-carbon solutions in
sectors such as energy, transport, and e-mobility. The program is
designed to support Uzbekistan’s transition to a low-carbon
economy, fostering reforms in energy, transport, and climate
resilience.

“A major indicator will be the adoption and implementation of
the National Climate Policy and the Climate Change Gender Action
Plan (CCGAP), integrating climate-focused measures into national
planning, budgeting, and public investment management.
Strengthening climate and sustainability risk disclosures for
state-owned enterprises will also be critical, ensuring that public
sector entities factor climate risks into decision-making
processes,” he said.

According to him, the improved governance and monitoring
mechanisms – such as climate-responsive regulations – will be
tracked to assess the program’s effectiveness in driving resilience
and sustainability.

“Sector-specific milestones will include policy reforms enabling
Uzbekistan to meet its target of generating 54 percent of
electricity from renewable sources by 2030, alongside measures to
enhance energy efficiency and transition the transport sector to
low-carbon mobility. The integration of gender considerations in
climate adaptation policies, particularly in agriculture and urban
transport, will be another key metric,” Konstantin Limitovskiy
noted.

He emphasized that AIIB will work closely with Uzbekistan and
other stakeholders to ensure these institutional reforms lead to
tangible outcomes supporting the country’s long-term climate and
economic priorities.