Uzbekistan

Not expressed in NDC.

[machine trans­lated] Art­icle 6 of the Par­is Agree­ment estab­lishes a car­bon trad­ing mech­an­ism at the inter­gov­ern­ment­al and cor­por­ate levels. Cur­rently, the pre­cise mech­an­isms for this art­icle have not yet been defined; coun­tries cooper­ate vol­un­tar­ily with each oth­er by invest­ing in devel­op­ing coun­tries in accord­ance with the Par­is Agreement’s pro­vi­sions for devel­op­ing coun­tries to provide neces­sary sup­port. Spe­cific­ally, Uzbek­istan has signed frame­work agree­ments and cor­res­pond­ing memor­anda with the Repub­lic of Korea and Japan. In 2022, the Gov­ern­ment of the Repub­lic of Uzbek­istan and Japan signed Memor­andum 146 on cooper­a­tion under the Joint Cred­it Mech­an­ism (JCM), which des­ig­nates the Min­istry of Eco­nom­ic Devel­op­ment and Poverty Reduc­tion (now the Min­istry of Eco­nomy and Fin­ance) as the nation­al author­ity imple­ment­ing this mech­an­ism. This mech­an­ism allows for up to 50 per­cent of pro­ject invest­ment, which will allow Uzbek com­pan­ies and organ­iz­a­tions to attract addi­tion­al invest­ment in the pro­ject for the pur­pose of fur­ther using the gen­er­ated car­bon units to meet the green­house gas emis­sion reduc­tion com­mit­ments (NDCs) of both coun­tries. In 2023, the Gov­ern­ment of the Repub­lic of Uzbek­istan and the Repub­lic of Korea signed the 147^th Frame­work Agree­ment for Cooper­a­tion on Cli­mate Change and Green­house Gas Emis­sions Reduc­tion. The gen­er­ated car­bon units can be used to meet the NDC com­mit­ments adop­ted under the Par­is Agree­ment. Uzbek­istan is act­ively lever­aging Art­icle 6 of the Par­is Agree­ment, in par­tic­u­lar its sec­tions 6.2 and 6.4. Uzbek­istan is cur­rently devel­op­ing a num­ber of pro­jects to reduce green­house gas emis­sions through energy and resource effi­ciency, waste recyc­ling, and the use of innov­at­ive tech­no­lo­gies and bio­ma­ter­i­als as an energy resource. Uzbek­istan is not lim­it­ing itself exclus­ively to cooper­a­tion with coun­tries under the Par­is Agree­ment under Sec­tion 6.2 of Art­icle 6 of the Par­is Agree­ment, con­tinu­ing to expand its list of part­ner countries.