MODELING CLIMATE CHANGE-RELATED FINANCIAL RISKS IN UZBEKISTAN: CHALLENGES AND SOLUTIONS
DOI:
https://doi.org/10.60078/3060-4842-2026-vol3-iss2-pp400-407Abstract
This article examines the modeling of climate change-related financial risks in Uzbekistan. Based on official reports from the World Bank, Asian Development Bank (ADB), United Nations Development Programme (UNDP) and the Central Bank of Uzbekistan, the country's vulnerability level to climate change is determined and the current state of climate risk management in the banking sector is assessed. The physical and transition components of climate risks and practical possibilities for their modeling using stress testing and Climate VaR methodologies are explored. Based on the research findings, scientific conclusions and practical recommendations for integrating climate risks into Uzbekistan's financial system and developing green finance are formulated
Keywords:
climate risks financial risk management green finance stress test Climate VaR transition risks banking sector ESG sustainable development UzbekistanReferences
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