The Kyrgyz Republic is one of the most vulnerable countries in Central Asia to climate change risks due largely to its glacial hydrology and mountainous terrain. Key economic sectors are vulnerable to these impacts, which are further exacerbated by the state of the country’s infrastructure.
What is climate finance?
Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change. The Convention, the Kyoto Protocol and the Paris Agreement call for financial assistance from Parties with more financial resources to those that are less endowed and more vulnerable. This recognizes that the contribution of countries to climate change and their capacity to prevent it and cope with its consequences vary enormously. Climate finance is needed for mitigation, because large-scale investments are required to significantly reduce emissions. Climate finance is equally important for adaptation, as significant financial resources are needed to adapt to the adverse effects and reduce the impacts of a changing climate.