Turkmenistan has joined the Asian Development Bank's regional initiative to establish a Natural Materials Market Development Platform aimed at attracting private investment in nature-based solutions to reduce carbon emissions. This was reported by the online publication Business Turkmenistan.

The project will be implemented with the support of a $1.5 million grant from the Special Technical Assistance Fund. More than 40 countries are participating in the initiative, including states in Central Asia and the South Caucasus.

The platform provides for the assessment of ecosystems, the launch of pilot projects and the formation of a partnership model for the development of the natural materials market and the expansion of ‘green’ investments.