| Financier | Commitments |
|---|---|
| Transformative Carbon Asset Facility Tranche A | 46.25 |
Innovative Carbon Resource Application For Energy Transition
Abstract*
The Project has two interrelated components: (a) Payments for emission reductions (ERs) - Climate Finance (estimated US$20 million) and (b) Payments for Internationally Transferred Mitigation Outcomes (ITMOs) - Carbon Finance (estimated US$26.25 million). Results-based payments would be made against the ERs measured, reported, and verified, which would result from more efficient energy use incentivized by energy subsidy reforms. The description of... Show More
Development Objective
The project development objective is to reduce carbon emissions through subsidy reforms and leveraging policy-based climate and carbon funds.
Key Details
Project Details
P180432
Active
Joern Huenteler , Jason Smith
The Republic of Uzbekistan
December 20, 2022
(as of board presentation)
June 27, 2023
October 4, 2023
US$ 45.00 million
Ministry of Investment, Industry and Trade,Agency for Strategic Reforms,UzHydromet,Ministry of Energy,Ministry of Finance,Ministry of Economic Development and Poverty Reduction,Ministry of Investment and Foreign Trade,Ministry of Economy and Finance,Ministry of Investment and Foreign Trade,Ministry of Finance,UzHydromet Agency under the Ministry of Ecology, Environmental Protection and Climate Change,Ministry of Energy
2023
US$ 46.25 million
N/A
Moderate
December 31, 2028
Yes
BANK APPROVED
October 2, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 46.25 |
| Total Project Cost** | 45.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-12-02 |
| Procurement | Satisfactory | 2024-12-02 |
| Project Management | Satisfactory | 2024-12-02 |
| Financial Management | Satisfactory | 2024-12-02 |
| Monitoring and Evaluation | Satisfactory | 2024-12-02 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-12-02 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.