Published
03/20/2026, 10:21Discussions have taken place in Kyrgyzstan regarding the creation of a national system for the accounting and trading of carbon credits. The working meeting was attended by Deputy Minister of Energy Altynbek Rysbekov, Maksudjon Safarov and experts from the World Bank.
The project is being implemented as part of the iFIRST TCAF initiative and will be one of the first steps towards developing carbon finance in the country. It aims to support reforms in the energy sector and reduce greenhouse gas emissions.
The key mechanism is payment for results. Funding will only be released once emissions reductions have been confirmed: through measurement, registration and verification. This approach reduces the risk of funds being used inefficiently and links payments to actual environmental outcomes.
If successfully implemented, Kyrgyzstan could receive up to $4.5 million for verified emissions reductions under its Paris Agreement commitments. Additionally, the country could raise up to $5.5 million through carbon market mechanisms.
The project also provides for grant support of up to $1.5 million. The funds are planned to be allocated to the creation of a national registry of carbon credits, the development of a monitoring system, and the strengthening of the institutional capacity of government bodies.
According to experts, the launch of such a system will open up access to international climate finance, accelerate energy reforms and enable Kyrgyzstan to build a fully-fledged carbon market infrastructure. In the long term, this could become one of the sources of external financing for energy sector modernisation.
