Image Credits - World Bank
South Korea has committed $3 million to support climate action in Central Asia over three years. The contribution, the largest among founding members of a new ADB fund, will focus on infrastructure and energy projects.
The South Korean government announced its commitment to donate $3 million to support climate change initiatives across Central Asian countries over the next three years. This pledge was formalized during ministerial meetings in Kazakhstan under the Central Asia Regional Economic Cooperation (CAREC) program, organized by the Asian Development Bank (ADB).
South Korea’s donation will go toward the Climate and Sustainability Project Preparatory Fund, a newly established initiative within the ADB to promote regional climate and sustainability projects. The fund aims to foster cooperation and build resilience against climate change through targeted projects. Seoul’s contribution stands as the largest among the founding members of the fund, underscoring the country’s dedication to addressing climate issues in partnership with regional players.
The $3 million fund will support the construction of climate-resilient infrastructure, promote sustainable energy projects, and enhance efforts in agriculture, fisheries, and supply chain stabilization throughout the region. By channelling resources into these sectors, South Korea aims to drive collective climate solutions and create sustainable economic growth.
The finance ministry expressed optimism about the impact of the fund. It emphasized that the initiative is expected to strengthen communication and cooperation between South Korea and Central Asian nations, paving the way for more collaborative projects to tackle climate change challenges.