BAKU, Azerbaijan, August 9. Strong policy
frameworks, investment-ready projects and access to climate finance
could support Turkmenistan's green transformation, the Global Green
Growth Institute (GGGI) told Trend.
The assessment was made in an exclusive response to Trend's question about policy
approaches and instruments that could support Turkmenistan's
transition toward sustainable economic development based on GGGI's
international experience.
"GGGI's global experience shows that successful green
transformation is most effective when sound policy frameworks are
tightly combined with investment-ready projects and robust access
to climate finance," the organization said.
According to GGGI, several practical approaches could be
particularly relevant for Turkmenistan as it advances its
sustainable development agenda.
"For Turkmenistan, strengthening sustainable finance mechanisms,
preparing bankable climate projects, and applying nature-based
solutions for climate resilience could provide practical pathways
for advancing sustainable development," the organization noted.
The institute also emphasized the importance of regional
cooperation in addressing environmental challenges related to the
Caspian Sea.
"Given the shared nature of the Caspian Sea, regional
cooperation, transboundary knowledge sharing, and multi-stakeholder
engagement will also remain critical components for success," the
organization added.
Headquartered in Seoul, the Global Green Growth Institute (GGGI)
is a treaty-based intergovernmental organization established at the
UN Rio+20 Conference in 2012 following an initiative of the
Republic of Korea to support developing and emerging economies in
pursuing green growth and climate-resilient development. The
institute currently works with more than 50 member states and
partner governments, providing policy advice, technical assistance
and project preparation across areas including climate action,
sustainable finance, renewable energy, resilient infrastructure and
natural resource management.
GGGI's 2025-2026 country program for Turkmenistan focuses on
supporting the country's climate commitments, including methane
emissions reduction, renewable energy expansion, energy efficiency
and green economic diversification. The institute also plans to
help mobilize climate finance and strengthen institutional capacity
to implement sustainable development projects. Earlier this year,
representatives of Turkmenistan and GGGI held meetings in Seoul to
discuss expanding cooperation, while the sides continue work toward
concluding the Host Country Agreement, which is expected to
facilitate the institute's long-term presence and operations in the
country.
