Uzbekistan plans greenhouse gas monitoring to support carbon pricing

Uzbekistan officials and World Bank experts met in Tashkent to discuss a roadmap for monitoring and reporting greenhouse gas emissions at large industrial and energy sites.

The Ministry of Economy and Finance and the Center of Green Economy Projects collaborated with the World Bank to establish a system for monitoring, reporting, and verification. This initiative aims to track emissions from major regulated companies, including Uzbekneftegaz and the Navoi Mining and Metallurgical Company.

The plan involves creating a national database of emission factors for different fuels and industrial activities to ensure more accurate data. The government intends to build a digital greenhouse gas emissions registry and electronic reporting forms. These tools will connect with the National Transparency System of Uzbekistan to improve how different government agencies share information. The World Bank's Partnership for Market Implementation program will provide the necessary infrastructure and training to help these institutions manage the new data.

These systems will help Uzbekistan create future carbon pricing tools, such as a carbon tax or an emissions trading system. By creating reliable data, the government also intends to help Uzbek exporters comply with the European Union's Carbon Border Adjustment Mechanism. This mechanism applies carbon costs to specific imported goods, and accurate reporting will help local companies remain competitive in international markets.