Uzbekistan reports 2022-2026 green economy reform results
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Uzbekistan's Ministry of Economy and Finance released results of 2022-2026 green economy reforms, including a 20% energy intensity reduction target by 2026. The reforms cover legal changes, international agreements, and climate finance. More than 446,000 green energy certificates have been issued since May 2023.
Key Facts
- Presidential decree No. PP-436 of December 2, 2022 approved the green economy transition program through 2030 and a 20% energy intensity reduction target by 2026.
- Uzbekistan introduced a green energy certificate system on May 12, 2023, with over 446,000 certificates issued to date.
- Uzbekistan joined the Global Methane Pledge in May 2022, committing to cut methane emissions at least 30% by 2030 from 2020 levels.
- The EBRD provided $1 million in technical assistance for a national methane reduction program.
- A World Bank project under Article 6 of the Paris Agreement is the first carbon finance deal in Central Asia.
Legal Framework
Presidential decree No. PP-436 of December 2, 2022 approved the green economy transition program through 2030 and the industrial green economy and energy saving concept. The decree set a target to reduce energy intensity of manufactured products by 20% by 2026 compared to 2022. It also updated the Interdepartmental Council for coordinating green economy measures and established a donor coordination group.
Green Energy Certificates
A green energy certificate system was introduced by presidential decree No. PP-156 on May 12, 2023. The certificates confirm production of goods using renewable energy sources and are sold by producers to end consumers. More than 446,000 certificates have been issued and put into circulation to date. The system aims to boost exports to the European Union, where such certificates are mandatory, and attract green investment from international financial organizations.
Methane and Carbon Finance
Uzbekistan joined the Global Methane Pledge in May 2022, committing to reduce global methane emissions by at least 30% by 2030 from 2020 levels. The European Bank for Reconstruction and Development provided $1 million in technical assistance to develop a national methane reduction program. A World Bank project under Article 6 of the Paris Agreement is implementing international trade in greenhouse gas emission reduction units. The project is recognized as the first carbon finance deal in Central Asia and the first World Bank policy lending program in this area globally.
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Uzbekistan reports 2022-2026 green economy reform results
