Uzbekistan

Uzbekistan is advancing a green and sustainable economic model through strategic policy frameworks, including the Development Strategy of Uzbekistan 2030, which prioritizes climate change mitigation, green growth and sustainable development, and its updated Nationally Determined Contribution (NDC) in 2025 which sets more ambitious climate targets.

In order to meet its NDC commitments, the government is exploring carbon pricing mechanisms. Such mechanisms could build on the foundations laid by Uzbekistan’s Strategy for the Transition to a Green Economy 2019-203o. This Strategy focuses on, among other things, enhancing energy efficiency. Taken together, these strategies and climate commitments are designed to reduce fossil fuel dependence, diversify the economy, and channel revenues into renewable energy, green skills, climate adaptation and social programmes, while strengthening the country’s overall investment landscape.

Key government ministries are driving Uzbekistan’s green transition and carbon market development, including:

• Ministry of Economy and Finance
• Ministry of Poverty Reduction and Employment
• Ministry of Investment, Industry and Trade
• Ministry of Higher Education, Science and Innovation
• Ministry of Energy