Uzbekistan is nearing the launch of a carbon regulation system and could soon become one of Central Asia’s frontrunners in the transition to a green economy, according to a joint report by the Eurasian Development Bank (EDB) and the CAREC Institute.
The report highlights that Uzbekistan has already established a solid regulatory framework and begun developing a national system for monitoring, reporting and verifying greenhouse gas emissions, which is a key component for future carbon trading. Since 2018, the country has been actively building its climate infrastructure, submitting and later updating its Nationally Determined Contribution (NDC). The document sets...