The Asian Development Bank (ADB) and the Committee for Environmental Protection of Tajikistan presented a Climate Finance Plan under which the Republic will combat climate change. Tajikistan’s adaptation finance needs are to reach $8 billion by 2030, ASIA Plus reported.
ADB Country Director of the Tajikistan Resident Mission Shanny Campbell emphasised that the Republic is one of the most climate-vulnerable countries in Central Asia. Tajikistan is facing serious challenges that could inflict irreversible damage to the economy, society and ecosystems.
The Plan identified such risks as melting glaciers, negative impacts on irrigated lands and water resources, increased and intense flooding, heat stress, threats to food security, drought, critical infrastructure failure caused by climate change and logging.
The Climate Finance Plan is a key strategic document that requires all the agencies in Tajikistan to cooperate. Financing from various sources, namely from the budget of the Republic and foreign sources, for the successful implementation of the Plan needs to be ensured. In total, ADB is set to commit $100 billion to climate programmes for ADB’s developing member countries between 2019 and 2030.
