THE ROLE OF CARBON PRICING AND EMISSIONS TRADING IN UZBEKISTAN’S GREEN GROWTH STRATEGY
Keywords:
Carbon pricing, emissions trading, green growth, Uzbekistan, CO2 emissions, low-carbon economy, carbon market, renewable energy, climate policy, sustainable development, regulatory frameworks.Abstract
Carbon pricing and emissions trading systems (ETS) have become central components of many countries’ strategies to reduce CO2 emissions and promote sustainable economic growth. Uzbekistan, as part of its green growth strategy, is exploring the potential of carbon pricing and emissions trading to reduce its dependence on fossil fuels and transition to a low-carbon economy. This article examines the role of carbon pricing and emissions trading in Uzbekistan’s efforts to achieve its emissions reduction targets, focusing on how these instruments can incentivize cleaner production practices and generate financial resources for renewable energy projects. The study also examines the challenges Uzbekistan faces in establishing a carbon pricing mechanism, including regulatory gaps, institutional capacity, and private sector participation. By assessing global best practices, this article provides recommendations for Uzbekistan to successfully integrate carbon pricing and emissions trading into its green growth strategy.
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