Preparing the Accelerating the Climate Transition for Green, Inclusive, and Resilient Economic Growth (ADB-58125-002)

Countries
  • Uzbekistan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 19, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Uzbekistan - Ministry of Economy and Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.10 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1.10 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 17, 2024

Disclosed by Bank Jun 26, 2024


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the expected impact of the TA project will contribute to achieving resilient, inclusive, and low-carbon economic growth. The expected outcome is investment in climate change adaptation, mitigation, with the just transition accelerated and sustained through the following reform areas: (i) a coherent and effective institutional setup; (ii) climate change adaptation strengthened in water resource management, sustainable irrigation, and land restoration; and (iii) climate change mitigation strengthened though an enabling regulatory environment and carbon market to incentivize lower carbon emissions. The TA project has three major outputs.

Output 1: Enabling environment and institutional setup for implementation of climate change actions created. The TA will support diagnostic assessments and analytical studies to (i) strengthen the institutional responsibility and coordination for climate change policy, strategy and climate change gender action plan; (ii) integrate climate and gender priorities across strategic planning and public financial frameworks; and (iii) support the transition to a green economy through the development of green skills and jobs review including workforce training programs.

Output 2: Climate change adaptation priorities strengthened. The TA will support diagnostic assessments and analytical studies to (i) strengthen climate change adaptation priorities by enhancing water resource management through supporting regulatory and system reforms; (ii) promoting sustainable soil management practices, increasing agriculture productivity, and mitigating the impact of livestock on pastures; and (iii) supporting subsidy reform for a productive and climate-resilient agricultural sector. Additionally, the TA will support the establishment of an adaptive social protection system to bolster resilience to climate change and extend coverage of social protection measures to vulnerable populations.

Output 3: Climate change mitigation actions accelerated. The TA will support diagnostic assessments and analytical studies to accelerate climate change mitigation actions and reduce carbon emissions in line with the NDC focusing on (i) facilitating green finance for state-owned enterprises (SOEs) through the adoption of sustainability standards and climate-related disclosures; (ii) promoting e-mobility in public transport to reduce greenhouse gas emissions; and (iii) greening the tax system to incentivize sustainable practices and renewable energy production. Additionally, the TA will support the long-term decarbonization strategy, establishment of a carbon tax framework and national carbon credit registry and support regulatory reforms to enhance energy conservation, efficiency, and reduce greenhouse gas emissions in alignment with the country's low-carbon transition goals.

This TA project will strengthen the capacity of implementing agencies to design and implement key reforms across the program areas. For instance, capacity development in public financial management will inform the integration of climate priorities into the strategic planning, fiscal, budgeting, and investment frameworks. As of 2023, the Asia Pacific Tax Hub is supporting tax policy reforms through assessments, training, and other capacity development activities. The project team is exploring additional exploring additional TA grant financing from the Domestic Resource Mobilization Trust Fund to support the government on tax policy, specifically related to green taxation and carbon tax reforms.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the Bank’s Technical Assistance Report:

Environment: Not Applicable
Involuntary Resettlement: Not Applicable
Indigenous Peoples: Not Applicable

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The TA financing amount is $1.1 million, which will be financed on a grant basis by ADB’s Technical Assistance Special Fund (TASF 7).

The government will provide counterpart support in the form of counterpart staff, office space, office supplies, domestic transportation, and other in-kind contributions. The government was informed that approval of the TA does not commit ADB to finance any ensuing program.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

CONTACT INFORMATION

Project Officer: Hanif Rahemtulla
Designation: Principal Public Sector Specialist - Asian Development Bank
Email: hrahemtulla@adb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works