Project description

The assignment involved supporting the Government of Uzbekistan and EBRD in developing a strategy and roadmap for carbon market instruments, including emissions trading and carbon crediting, tailored to Uzbekistan’s context and aligned with international developments. The consultant team reviewed international carbon market experiences, analyzed feasible options for Uzbekistan, conducted economic modeling of GHG reduction potential and carbon pricing impacts, and developed recommendations for policy, legal, and institutional reforms. The project included extensive stakeholder engagement, capacity building recommendations, and the preparation of a detailed implementation roadmap for the establishment of a domestic carbon market and participation in international mechanisms under the Paris Agreement.