Policy Dialogue on Green Financing Mechanism and Challenges in the CAREC Region Successfully Held
On 2 June 2026, the CAREC Institute held an online policy dialogue focusing on regional green financing mechanisms and related key challenges. Faced with rising climate risks and a substantial green investment gap across the CAREC region, stakeholders are pressing ahead with low-carbon, climate-resilient development. Based on its latest research, the event brought together government officials, development partners, private sector representatives, and experts to share insights, advance regional climate action, and align local efforts with global sustainable development goals.
The dialogue was opened by Dr. Kuat Akizhanov, Deputy Director Two of the CAREC Institute, and Dr. Roman Mogilevskii, Senior Regional Cooperation Economist at the Asian Development Bank’s Central and West Asia Department. Both speakers emphasized that evidence-based research is fundamental to designing and implementing more effective regional green financing policies. During the session, Dr. Akizhanov introduced the Institute’s ongoing research, while Dr. Alessandro Pio of the Italian Institute for International Political Studies and a member of the CAREC Institute Advisory Council shared key perspectives on the current state and outlook of green financing development in the region.
The panel discussion featured insights from key experts, including Dr. Meruert Makhmutova, Director of the Kazakhstan Public Policy Research Center; Dr. Malkhaz Adeishvili, Specialist in Environmental and Climate Policy; Mr. Wasif Mullick, Advisor to Pakistan’s CAREC National Focal Point at the Asian Development Bank; and Dr. Joseph Mik, an international consultant with extensive professional experience across Central Asia.
Panelists discussed key issues, including policies, financial instruments, project management, institutional fragmentation, weak coordination, and adaptation and mitigation strategies. The dialogue highlighted successful approaches like cross-border capital market cooperation, PPP guarantees, and the IMF Resilience and Sustainability Facility. Based on the research, participants examined how global green financing tools apply regionally, reviewed regional best practices, and underscored the importance of public-private partnerships and regulatory frameworks that support green investment. The dialogue facilitated experience sharing and practical insights to bridge the region’s green investment gaps and strengthen the regional green financing system.