Financing the Green and Net-Zero Transition in the EU Eastern Partnership Countries and Central Asia

Reinforcing commitments and accelerating actions

The regional conference on “Financing the Green and Net-Zero Transition in the EU Eastern Partnership Countries and Central Asia” took place on 19-20 September 2023.

Meeting objectives

The conference presented progress made by the countries in the EU Eastern Partnership (EaP) and Central Asia in investing in green and net-zero transition.  Such a transition is critical for addressing climate change and environmental degradation. The conference also discussed the critical steps to accelerate green public investment, increase the availability of green finance, using an array of instruments, as well as re-orient private capital flows to support the greening of the economic development of the region.


The Conference brought together relevant government officials from Ministries of Environment, Economy, Finance and Energy, relevant European Union institutions, representatives of International Finance Institutions and multilateral financing facilities, International Organisations and donor countries. Experts from the financial and capital market sectors as well as academics, consultants, officials from green/climate-related initiatives, NGOs were also invited to take part in the debate.

The event was co-organised by OECD and EC as part of the “European Union for Environment” Programme (EU4Environment) and was also supported by Germany’s Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV).

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Agenda and speakers’ bios

Summary record

Presentation slides:

Session 2. Green finance in the EaP and Central Asia countries: What is the magnitude of needs?

Trends in financing the net-zero transition in the EaP countries and Central Asia  (Nelly Petkova, OECD)

Post-war strategic planning for green reconstruction in Ukraine (Viktoriia Kyreieva, Ministry of Ecology and Natural Resources of Ukraine)

Session 3. Green capital markets: Does supply match demand?

Greening debt capital markets in the EECCA region (Stanislav Dubko, Berlin Economics)

Session 4. Improving markets and closing the green investment gap: Major EU and international initiatives

Trends in green lending and de-risking instruments in the EaP countries and Central Asia (Matthew Savage, Oxford Consulting)

De-risking and blending instruments of the European Commission (Magdalena Kouneva, European Commission)

De-risking markets to facilitate sustainable financing of climate investments by managing the currency (Xander Goudriaan, the Currency Exchange Fund)

Session 5. Public revenue for green finance: instruments for mobilisation

OECD work on economic instruments for mobilising public resources for green investments (Isabella Neuweg, OECD)

Applying fiscal-budgetary instruments to solve environmental issues in the Republic of Moldova (Alexandru Fala, National Expert, Moldova)

Review of Environmental Taxation and Environmental Protection Expenditure in Ukraine (Yuliia Oharenko, Independent Consultant, Ukraine)

Session 6. Using domestic public finance to leverage private resources

Greening the SME sector and challenges for SMEs to access green finance Experience from Moldova (Veronica Arpintin, Ministry of Economic Development and Digitalisation, Moldova)

Energy efficiency the first: The key principle for the Ukraine recovery (Mariia Malaia, State Agency of Energy Efficiency and Energy Saving, Ukraine)

Session 7. Greening domestic and international finance

Climate-related development finance in the EaP countries and Central Asia in the post-COVID period (Giorgio Gualberti, OECD)

The role of green regulations for the commercial banking sector (Salome Tvalodze, National Bank of Georgia)

Green finance and regulatory initiatives in support of domestic capital market (Aigul Kussaliyeva, Astana International Financial Centre Authority, Kazakhstan)

OECD blended finance guidance for clean energy (Mohammed Saffar, OECD)

Pictures from the conference.

Video recordings: Session 1 | Session 2 | Session 3 | Session 4 | Session 5 | Session 6 | Session 7 | Session 8



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