CAREC Institute Contributes to COP 29 Side Event
The CAREC Institute (CI) participated in a pivotal side event at the 2024 United Nations Climate Change Conference (COP29) on November 14th, titled “Towards a Sustainable Kyrgyz Republic: Opportunities in Green and Climate Finance.” This event was successfully organized by the Ministry of Economy and Commerce of the Kyrgyz Republic, the Climate Finance Center under the Cabinet of Ministers of the Kyrgyz Republic, OJSC “Eldik Bank,” and UNDP in the Kyrgyz Republic, taking place in the Pavilion “Kyrgyzstan: Sustainable Mountain Development” in Baku, Azerbaijan.
The event focused on identifying potential areas of cooperation for deploying mechanisms and tools to mobilize green and climate finance in the Kyrgyz Republic. It also aimed to enhance collaboration among government agencies, investors, and international partners to effectively mobilize resources for green initiatives.
Dr. Vladislav Zavadskiy, Senior Research Specialist at the CAREC Institute, was a key speaker at the session on “Investment Opportunities for Development Partners and Prospects for Cooperation.” He emphasized significant avenues for growth and partnership, highlighting the consequential impacts and benefits for all stakeholders involved. Additionally, he stressed the importance of regional cooperation within the CAREC region and the critical role of the CI as a think tank in driving research activities.
Mr. Sanzhar Bolotov, Deputy Minister of the Ministry of Economy and Commerce of the Kyrgyz Republic, highly praised the CAREC Institute’s contributions, noting “the insights provided by CI expert in sustainability and climate finance significantly enriched our discussions and underscored the importance of collaboration in tackling the urgent challenges posed by climate change”.
Throughout COP29, Dr. Zavadskiy actively participated in discussions with other scholars, industry experts, and development practitioners at various side events, further demonstrating the CAREC Institute’s commitment to advancing green economy initiatives in Kyrgyzstan and across CAREC region.