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Oct. 25, 2017, 9:44 p.m.
This report provides an assessment of the costs, benefits, and investment opportunities for GHG abatement in the energy and transport sectors of Azerbaijan, Kazakhstan, and Uzbekistan.
The ecological complexity of the Central and West Asian region gives way to diverse ecosystems with rich natural resources and hydrocarbon reserves; countries in this region are not only exposed to climate change risks, but there is growing recognition that their carbon-intensive economies necessitate reduction in greenhouse gas (GHG) emissions in line with global efforts to mitigate climate change.
The Economics of Climate Change in Central and West Asia, a regional technical assistance (TA) project of the Asian Development Bank (ADB) was designed to identify costs and opportunities in investments for low-carbon growth and climate resilience and low-carbon growth, under two components:
mitigation of climate change, which assessed the costs and benefits of GHG emission reduction measures and formulated low-carbon growth investment proposals for energy and transport in the most carbon-intensive countries in the region; and
adaptation to climate change, which assessed the costs and benefits of implementing adaptation measures to reduce the adverse effects of climate change on energy and water resources in the most vulnerable countries.
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world.