Global Green Agenda in the Eurasian Region. Eurasian Region on the Global Green Agenda

Climate change brings about devastating consequences for the entire globe and is irreversible, so the green economy focuses on reducing greenhouse gas emissions and achieving carbon neutrality by 2050. Countries will only transition to the green economy smoothly if they use green and climate finance for projects generating positive environmental impacts, mitigating, and adapting to climate change. New national and international policies and incentives will identify priority investment targets, build investor demand and trust, and encourage initiators to launch green projects. This will promote the green finance market. If countries work together to coordinate low-carbon development activities, they will avoid excessive regulatory costs and internal trade barriers, deepen regional co-operation following the green economy, and improve the competitiveness of regional producers. In this Report, the authors attempt to gain insight into the current state and future prospects of the green agenda in the Eurasian region. It focuses on climate change issues and international development institutions’ role in promoting a low-carbon future.