Ministry of Economy and Finance of the Republic of Uzbekistan

This cooperation is becoming increasingly relevant, especially against the backdrop of the declaration of 2025 as the “Year of Environmental Protection and the “Green” Economy” in our country.

In this regard, on February 27 of this year, the Ministry of Economy and Finance of the Republic of Uzbekistan, in collaboration with the Ministry of the Environment of Japan, the Ministry of Economy, Trade and Industry of Japan, and the Japan Overseas Environmental Cooperation Center, held a seminar in Tashkent on the topic “Joint Crediting Mechanism (JCM) Opportunities in Uzbekistan”.

For information: Joint Crediting Mechanism (JCM) is a cooperation system for attracting modern Japanese technologies or covering part of the project costs, depending on the type and conditions of the project, in exchange for a certain share of greenhouse gas emissions reduced within the framework of JCM projects in developing countries.

The seminar was attended by more than 150 representatives from the Japanese Government, leading Japanese companies in the production of renewable energy and clean technologies, as well as local ministries and agencies of Uzbekistan, large industrial enterprises, energy system organizations, representatives of the private sector, and research institutes.

The main goal of this seminar is to support entrepreneurs in transition to a green economy through the JCM mechanism, attract advanced green technologies from Japan, and create an opportunity for B2B negotiations between Japanese and Uzbek companies.

During the seminar, presentations were made on the Japan JCM Foundation, the basics of JCM scheme, the procedure for developing a JCM project for local companies, foreign experiences and projects implemented within the framework of JCM. In particular, detailed explanations were given based on presentations on the following topics:

• Uzbekistan’s Policy for Decarbonization and potential sectors for the JCM project development;

• Measures and projects implemented in Uzbekistan within the framework of the Voluntary Carbon Market;

• Basic Scheme & Recent Developments of the Joint Crediting Mechanism (JCM);

• JCM Project Development points for the local partners;

• Leading innovations in agrivoltaics;

• An Example of Heat Pump Utilization in District Heating and Cooling.

Information Service

Ministry of Economy and Finance