Uzbekistan is ready for the carbon regime

Uzbekistan is close to implementing a carbon regime and could become one of the leaders in the transition to a "green" economy in Central Asia. This is stated in a joint report prepared by the Eurasian Development Bank (EDB) and the CAREC Institute.

The authors of the report note that Uzbekistan has already developed an advanced regulatory and legal framework and has begun to establish a national system for monitoring, reporting, and verifying greenhouse gas emissions. This system is a key element for the future trading of carbon quotas.

Since 2018, Uzbekistan has been actively developing its climate infrastructure. The country has submitted and updated its nationally determined contribution.

This document sets the goal of reducing the carbon intensity of the economy by 35 percent by 2030 compared to 2010. In addition, the "Uzbekistan–2030" strategy sets the target of reducing greenhouse gas emissions per US dollar of GDP by 30 percent.

Furthermore, Uzbekistan has joined the Global Methane Pledge and plans to reduce methane emissions by 30 percent by 2030. According to EDB experts, such steps show that the country is becoming increasingly integrated into the international climate agenda.

The republic is paying particular attention to the development of renewable energy sources, especially solar and wind power, improving energy efficiency, and advancing the electric vehicle sector. These measures will not only accelerate decarbonization but also strengthen the resilience of the country's economy.

"Uzbekistan has begun creating systems that will form the foundation for a future carbon market. The achievements made in this process make it one of the most prepared countries in the region for carbon pricing," the report states.

According to the Eurasian Development Bank, the implementation of a carbon regime will enable Uzbekistan to increase its export competitiveness, attract "green" financing, and transition to sustainable economic growth without abandoning industrial development. The report emphasizes that a combination of political will, institutional reforms, and active investments in "green" energy will make Uzbekistan one of the key players in Central Asia's low-carbon transformation.

According to Kursiv Uzbekistan's forecast, by 2030, CO2 emissions per US dollar will amount to 0.67 kilograms. Read “Zamin” on Telegram!