Ministry of Economy and Finance of the Republic of Uzbekistan

The Law consists of 6 chapters and 29 articles.

This Law establishes the basic principles of limiting greenhouse gas emissions, ownership relations for reduced greenhouse gases, the authorities of state bodies in the field of limiting greenhouse gas emissions, and the procedures for state accounting of greenhouse gas emissions.

In addition, the law provides for:

·        development of target indicators for reducing greenhouse gas emissions;

·        criteria and procedures for classifying projects implemented by legal entities, individual entrepreneurs, and individuals as "green" projects, to be determined by the Cabinet of Ministers of Uzbekistan;

·        maintenance of a registry of carbon units;

·        implementation of a system for monitoring, reporting, and verification (MRV) of greenhouse gas emissions;

·        rights and obligations of legal entities and individual entrepreneurs in the field of limiting greenhouse gas emissions.

The adoption of this law will enable the reduction of greenhouse gas emissions in our country and regulate the trade of resulting carbon units in international markets, as well as fulfill Uzbekistan's commitments under the Paris Agreement, adopted within the framework of the UN Framework Convention on Climate Change.

For information: Within the framework of the Paris Agreement, the Republic of Uzbekistan has committed to reduce greenhouse gas emissions per unit of gross domestic product by 35% by 2030 compared to the 2010 level.

In this regard, the Ministry of Economy and Finance has been designated as the authorized body for limiting greenhouse gas emissions, conducting carbon unit trading at the national and international levels, as well as establishing a registry of carbon units directed to international and domestic carbon markets.

Information Service

Ministry of Economy and Finance