TASHKENT, Uzbekistan, October 18. Uzbekistan,
in collaboration with the World Bank, organized a two-day workshop
on the authorization process for carbon trading projects, Trend reports.
The event aimed to strengthen the capacity of civil servants
from relevant ministries and agencies involved in authorizing
carbon trading projects, as well as members of the Advisory Working
Group on Carbon Trading.
World Bank experts delivered detailed presentations on the
procedures for implementing carbon trading projects under Article 6
of the Paris Agreement, emphasizing the role of the National
Designated Authority. The discussions covered authorization
processes based on cooperative approaches and international
mechanisms for transferring carbon units generated as mitigation
outcomes.
Participants were also introduced to updated reporting
requirements, new rules and procedures under Article 6.4, and the
latest developments in international carbon markets, including
CORSIA and revised authorization guidelines.
In addition, the workshop examined strategies for mobilizing
carbon market financing to advance Uzbekistan’s transition to a
green economy.
This initiative marks an important step toward building a
transparent and efficient carbon market in Uzbekistan, deepening
international cooperation, and accelerating the country’s shift to
a sustainable, low-carbon development model.
Earlier, President Shavkat Mirziyoyev met with World Bank Group
President Ajay Banga, highlighting that Uzbekistan’s portfolio of
joint projects now exceeds $14 billion. Additionally, the opening
of a regional World Bank office in Tashkent has further
strengthened the country’s partnership with the organization.
