Central Asia commits to collaborative green power deal

Central Asian countries have committed to accelerating the uptake of renewable energy in the region. Led by Kazakhstan and including Azerbaijan and Kyrgyzstan, the nations have joined with the International Renewable Energy Agency (IRENA) to capitalise on their substantial potential for green generation. They have agreed it could provide a solution to the shared issues of rising electricity demand, ageing power […]

Central Asia needs $94bn power investment by 2023

Central Asian countries have identified power investment needs of about $94 billion (£77.30bn) by 2023. The private sector will need to provide about $38 billion (£31.25bn) of this money, according to a new Asian Development Bank (ADB) study. The findings were presented at the 1st Energy Investment Forum (EIF) of the Central Asia Regional Economic Cooperation […]

World Bank funds $38m to tackle climate change in Asia

The World Bank is supporting climate resilience in Central Asia with a $38 million (£25m) fund. It aims to strengthen the knowledge base on climate change risks and provide financing and technical assistance to rural communities for climate-smart investments in areas considered as priorities. It is the first phase of the programme which will fund $9 million (£6m) in Tajikistan, $14 […]

Private sector “vital” to going green

The private sector can play a key role in tackling environmental challenges, according to a new strategy for sustainable development from the World Bank. The lending body which gives money to governments has released its Environment Strategy for 2012-2022, laying out a vision for “a green, clean and resilient world for all”. Challenges such as […]