Photo: Global Green Growth Institute (GGGI)

BAKU, Azerbaijan, August 2. Climate finance and investment-ready projects are among the Global Green Growth Institute's (GGGI) top priorities for future cooperation with Turkmenistan.

The assessment was made in an exclusive response to Trend's question about the most promising areas of cooperation between GGGI and Turkmenistan and the sectors offering the greatest potential for future joint initiatives.

"Recent dialogues have highlighted highly promising opportunities for cooperation in sustainable and blue finance, project preparation, and regional cooperation related to the Caspian Sea ecosystem," the organization said.

According to GGGI, future cooperation could increasingly focus on supporting projects capable of attracting investment and international financing.

"Looking ahead, GGGI sees strong potential to support the development of investment-ready projects, mobilize climate finance, and provide targeted policy advisory services and capacity-building," the organization noted.

The institute also identified several areas where future cooperation could have the greatest impact.

"Sustainable coastal development, marine ecosystem management, and green investment represent key areas where future collaboration could create a meaningful impact, provided that the necessary institutional frameworks are fully established," 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.