The countries of Central Asia need to invest $1.4 trillion to meet the commitments made under the Paris Climate Agreement to achieve carbon neutrality by 2050, according to a report by the United Nations Economic Commission for Europe (ECE).
"Under the traditional scenario of increasing energy resilience to prevent blackouts and ensure reliable energy supply, the region will need to invest about 1.407 trillion dollars," published on the website of the Commission, according to Sputnik.
According to the UN, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan will need a massive transition from fossil fuels to renewable sources, as well as a transition to a low-carbon and sustainable energy system.
The region has a high and still largely untapped potential for renewable energy production, in particular hydro, wind and solar energy, the report says.
Today, fossil fuels account for 95% of the total energy supply in the 5 countries of Central Asia.
The Paris Agreement was adopted on December 12, 2015 following the 21st Conference of the Framework Convention on Climate Change. The document was signed by 175 countries, including the CIS countries.
For the first time in history, the document united the efforts of all world powers to curb climate change.
CentralasianLIGHT.org
April 20, 2023