Helping Tajikistan with climate change
The EBRD, in partnership with the Pilot Program for Climate Resilience (PPCR) of the Climate Investment Funds, officially launched CLIMADAPT, the Tajikistan Climate Resilience Financing Facility, in February. CLIMADAPT aims to help Tajik households, businesses and farmers cope with the effects of climate change and to support the country’s transition towards a green economy.
Tajikistan is among the most climate-vulnerable countries in the EBRD’s region. The country depends heavily on rainfall and snowmelt from its mountains, both for water and – through its vast hydropower assets – for electricity. Projected changes in precipitation and snowmelt runoff could have a significant impact on these two key resources. Furthermore, the changes could lead to increased soil erosion, thereby degrading land that is vital for the country’s agriculture.
CLIMADAPT will provide up to US$ 10 million of financing to MSMEs and households through local partner financial institutions. The funding is provided by the EBRD and the Pilot Program for Climate Resilience (PPCR) of the Climate Investment Funds.
Technical advice will also be given and is contributed by the UK Department for International Development (DFID).