CFC KR is a lead government institution in Kyrgyzstan responsible for climate funding issues in the country. Apart from attracting financial resources from climate funds and international organizations and provision of support to implementation of investment projects and programs on adaptation, CFC is tasked with coordination of all stakeholder activities in climate change area.
What is climate finance?
Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change. The Convention, the Kyoto Protocol and the Paris Agreement call for financial assistance from Parties with more financial resources to less developed and more vulnerable countries. This recognizes that the contribution of countries to climate change and their capacity to prevent it and cope with its consequences vary enormously. Climate finance is needed for mitigation, because large-scale investments are required to significantly reduce emissions. Climate finance is equally important for adaptation, as significant financial resources are needed to adapt to the adverse effects and reduce the impacts of a changing climate.