Kyrgyzstan's President announces Climate Trust Fund for environmental projects, targeting carbon neutrality by 2050.

Kyrgyzstan's President Sadyr Zhaparov announced plans for a Climate Trust Fund to finance environmental projects in mountainous areas, aiming to replace external debt with climate and sustainable development initiatives. The country targets carbon neutrality by 2050, relying on hydroelectric power. Approximately $11 billion is needed by 2030 for climate measures, as Kyrgyzstan faces increasing climate vulnerabilities and natural disasters.

September 25, 2024
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