EVENTS
Event Highlights
Briefing on the Launch of CC Asia Climate Fund for Central and East Asian Countries
2026-07-02
On 2 July, the Maritime Silk Road Society and Silk Road Economic Development Research Center jointly organized the Briefing on the Launch of CC Asia Climate Fund for Central and East Asian Countries with Mr Eric Peter, Director of CITIC Capital, as the speaker.
The Board of the Green Climate Fund (GCF), the world’s largest financier of climate projects established under the United Nations, recently approved its anchor commitment in a new USD 150 million climate fund, CC Asia Climate Fund (the Fund) investing along the Silk Road in Kazakhstan, Mongolia, and Uzbekistan.
These countries face growing climate risks, including rising temperatures, water stress, and increasing pressure on natural resources, while their energy systems remain heavily reliant on fossil fuels. Despite ambitious national climate targets, private sector investment in low-carbon and climate-resilient solutions remains limited due to high perceived risks, limited access to capital, and a lack of proven investment models in these markets.
The Fund aims to address these barriers by mobilizing private equity financing currently not yet prevalent in these countries. To catalyze investors in these markets, the Fund features an innovative concessional first-loss tranche provided by GCF to protect the capital of the Fund’s commercial investors.
The Fund will provide equity financing to small and medium-sized enterprises (SMEs) that deploy innovative climate technologies and solutions. Designed as a first-mover initiative, the Fund seeks to demonstrate the commercial viability of climate investments in these markets and to catalyze further private-sector participation.
Over its implementation period, the program is expected to deliver significant emissions reductions, support over 130,000 direct beneficiaries, and accelerate low-emission, climate-resilient development pathways along the Silk Road in Kazakhstan, Mongolia, and Uzbekistan”.
