Investment and Financial Flows (I&FF) Assessment

1. Investment and Financial Flows (I&FF) Assessment Uzbekistan 8 November 2018 г.

2. Climate Change in Uzbekistan Statistically significant rise of air temperature throughout Uzbekistan; Increase of the number of days with high air temperatures; Reduction of the number of days with low temperatures; Prolongation of hot dry period; Increase of the number of days with heavy precipitation and high rainfall variability; Increase of the frequency of extreme events; Increase of danger of mudflows; Increase of evaporation from the plains and foothills; Increase of the frequency of droughts and extreme low water.

3. measures and actions aimed at climate change mitigation and Adaptation • Uzbekistan signed Paris Agreement on 19 April 2017 and ratified on 27 September 2018 • INDC of Uzbekistan for the period up to 2030 defines: • to decrease specific emissions of greenhouse gases per unit of GDP by 10% by 2030 from the level of 2010, through: • Decreasing in GDP energy consumption by approximately 2 times as a result of broad introduction of the advanced energy saving technologies • Implementation of measures aimed at improvement of energy efficiency in various sectors of economy and social sphere • continue its efforts for adaptation capacity building to reduce risk of climate change adverse impact on various sectors of economy, social sector and Priaralie (Aral Sea coastal zone) • Adaptation of agriculture and water management sector • Adaptation of social sector to climate change • Adaptation of strategic infrastructure and production facilities

4. Rationale for I&FF Assessment No single national strategy or programme on mitigation or adaptation to climate change that defines country priorities Building the national capacity to effectively identify and assess financial needs for mitigation and adaptation measures to cope with impact of climate change Assess the cost and sources of investments required for mitigation and adaptation to climate change for the focus areas indicated in INDC Present to the government an instrument for analysis and integration of climate changes issues into the national development strategies and programs

5. I&FF Assessment approach National think-tank organization, the Center for Economic Research, has been selected for building capacity and conducting the assessment Three sectors of the economy: Energy, Agriculture and Social sectors were selected during the Inter-ministerial Dialogue organized in February 2017 National expertsfrom the Ministry of Economy, Ministry of Housing and Communal Services, Ministry of Agriculture, and Research Institutes were invited and formed the national I&FF team The national team was trained by the International Expert on I&FF The I&FF assessment in the selected three sectors of economy was launched in May 2017

7. Key outcomes of the assessment Reports with analysis and recommendations were developed for each selected three sectors. The finding of the I&FF assessment can be also used during the development of project proposals for GCF. The national institutional capacity was built to conduct such assessments during elaboration of national development strategies. The lack of data and absence of national development strategies and programs on adaptation and mitigation to climate change limited the scope of the assessment What is next? Elaboration of the methodology on regional development strategy that takes into account climate aspects together with the Center for Economic Research Elaboration of a model of the development strategy for Karakalpakstan, which addresses climate changes issues Presenting both documents to the Government for the review and further adoption as guiding tools/instruments

8. Thank you!