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Recent innovations
A variety of innovative ways to provide climate financing have emerged in recent years — green bonds, fiscal instruments, climate-cautious investment and green procurement policies, private sector initiatives, and municipal initiatives.
Green bonds
Climate finance initiatives
Renewables Energy efficiency Transport
The structure, risks and returns of green bonds Bank Green Bonds are part of a larger effort to Climate finance initiatives are the same as those of traditional bonds, but the proceeds are invested exclusively in projects that Fiscal $ 10 5 $ stimulate public and private sector responses to climate change. Uzbekistan’s Advanced Electricity generate climate or other environmental bene instruments - Metering project is one of the recipients of such fits. Typically, a third-party verification establishes and auctions Green bonds investment (World Bank 2020b). the validity of the benefits (UNDP 2016). The World
policies instruments and auctions
The Climate Action Peer Exchange identifies a Carbon tax on gasoline, subsidies for gas-fueled and electric vehicles Renewables Energy efficiency Renewables
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Switch to No investments and subsidies natural gas to coal and polluting industriesRenewables
Transport range of fiscal instruments that countries can use to respond to climate challenges. Emissions trading schemes belong in this group, as do carbon taxes; reductions in fossil fuel subsidies; tax credits, Private sector initiatives Strategic investment policies
grants or subsidized loans to provide incentives $ $ for climate investments (CAPE 2020b). Carbon tax relates to the carbon content of fuels and is used in the transport sector to reduce emissions by increasing the price of fuels.
Fiscal Green bonds Strategic instruments investment and auctions policies
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Carbon tax on gasoline, subsidies for Renewables Energy efficiency Renewables Transport
Hydropower,gas-fueled and electric vehicles Switch to No investments and subsidies
Fiscal $ 10 power lines 5 $ natural gas to coal and polluting industries The purchasing power of public entities has the potential to drive markets, and green public pro Strategic investment instruments and auctions environmental and social considerations. Large state-owned energy companies or pension funds $ $ curement can reduce emissions across sec-Private sector policies can take strategic investment decisions to switch tors. The EU is using and promoting green public procurement and Kazakhstan and the Kyrgyz initiatives Carbon tax on gasoline, subsidies for gas-fueled and electric vehicles their focus to renewables and de-invest from coal and other carbon-intense businesses. Renewables Republic are exploring feasible options, including Hydropower, Switch to No investments and subsidies Climate adaptationpower lines Climate-friendlynatural gas Carbon emission offsetting, to coal and polluting industries
Strategic micro-loans households nature restoration investment $ $
Private sector policies
Municipal initiatives
initiatives Hydropower, power lines Switch to natural gas No investments and subsidies to coal and polluting industries Climate adaptation Climate-friendly Carbon emission offsetting, micro-loans households nature restoration The Green Climate Fund’s Private Sector Facility offers a range of options to support mitigation and adaptation projects in developing countries. The Private Sector Initiative (PSI) under the UNFCCC focuses on adaptation projects. Major IT companies are switching to renewable power, while traditional energy and automaking companies are investing to low-carbon technologies. In Central Asia, household expenditures on solar roofs, greenhouses and horticulture are growing, while energy companies, industries and airlines are seeking to offset their emissions. Climate-smart housing and city planning Urban mobility, bike lanes Electric vehicles Waste segregation and recycling Municipal initiatives Private sector initiatives $ $ Climate adaptation micro-loans Climate-friendly households Carbon emission offsetting, nature restoration Climate-smart housing and city planning Urban mobility, bike lanes Electric vehicles Waste segregation
Municipal initiatives
From small towns to megacities across the globe, municipal authorities and urban activists are taking action on climate change both on their own and in partnership with others, such as the Global Covenant of Mayors for Climate and Energy or C40 and recycling and recycling
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Cities. While cities of Central Asia are not very visible in the international climate action monitors, there are many steps they take on climate-friendly path — from green and bike space expansions to waste recycling and transport.
