Project description

Uzbekistan is exploring how to deploy carbon market instruments to support cost‑effective emissions reductions while aligning with the Paris Agreement and evolving Article 6 rules. The key challenge is selecting and sequencing policy tools—such as emissions trading and carbon crediting-that are credible, investable, and tailored to national circumstances.

Carbon Limits supported the Government of Uzbekistan and the European Bank for Reconstruction and Development (EBRD) in developing a national strategy and implementation roadmap for carbon markets, grounded in international best practice and domestic realities.

The work was applied at national level in Uzbekistan, assessing options for a domestic emissions trading system and participation in international carbon markets, informed by economic modelling of greenhouse gas abatement potential and carbon pricing impacts across priority sectors.

The project strengthened evidence‑based decision‑making by clarifying feasible policy pathways, institutional requirements, and legal reforms needed to operationalise carbon market instruments. It enhanced the usability and integrity of proposed approaches while building a foundation for scalable implementation.

This work is relevant for governments, development banks, and private sector actors developing carbon markets and Article 6 frameworks in Central Asia and emerging economies.