The Presidential Decree No. PD–110 establishes the institutional, legal, and operational framework to enable Uzbekistan's participation in international carbon markets, especially under Article 6 of the Paris Agreement. It defines key mechanisms to issue and manage carbon credits (including ITMOs), attract investment, and support low-carbon development in line with the country’s "Uzbekistan–2030" strategy and its Nationally Determined Contribution (NDC). It sets clear targets, oversight mechanisms, and timelines to ensure compliance with international climate goals and mobilize climate finance.
Rules for market participation and credit allocation
The decree introduces specific rules for engaging in the international carbon credit market, particularly through Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6, through the following rules:
- Only activities included in the GHG inventory and aligned with the NDC are eligible for credit issuance.
- Priority is given to mitigation activities associated with conditional NDC commitments, which rely on international support.
Credit allocation structure:
20% of issued ITMOs from each project will be retained (not traded) to:
- Ensure that national climate commitments are met; and
- Avoid overselling risks.
80% of ITMOs may be exported to international markets under:
- Public-private partnerships (with foreign/local investors).
- Government-involved projects (subject to state approval).
Institutional coordination and governance
- Prime Minister A.N. Aripov is tasked with overall oversight and coordination across government bodies.
- The Cabinet of Ministers is responsible for defining the volume of tradable credits and establish revenue distribution rules.
- The Interagency Council for Green Economy Transition is given the mandate to monitor compliance with Article 6 rules and define annual credit export limits.
- The Ministry of Economy and Finance acts as Designated National Authority (DNA). It is tasked with:
-- Overseeing participation in international carbon markets.
-- Developing and approving procedures, legal instruments, and documentation standards.
-- Granting authorization for credit issuance and export.
-- Proposing annual market volumes and managing sales of credits from state-approved projects.
Registry and oversight:
- All carbon credit transactions will be managed through a National Carbon Registry under the Ministry of Economy and Finance.
- The registry is set to launch by January 1, 2026, in coordination with the Ministry of Ecology and international partners.

Presidential Decree No. PD–110 “On Measures for Participation in the International Carbon Units Market”

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Justice is the ethical and political framework that addresses fairness, including issues of responsibility, rights, and structural inequity.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

A loan is a policy instrument where funds are provided to a borrower with the expectation of repaying the principal plus interest.

Compulsory, required payments to the government that are levied more-or-less in proportion to the services provided. Fees and charges range from entrance fees to national parks, charges on land-based sewage discharge.

Tradable permits are market-based tools that grant permission for specific activities, frequently used to regulate emissions. These permits can be issued within a trading system to manage environmental impacts.

Codes and standards are regulatory instruments that specify minimum standards to protect health and safety. This ranges from performance standards, which prescribe outcomes while allowing flexibility to achieve compliance, to the more prescriptive approach of technology-specific standards.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

A potent, short-lived greehouse gas, largely released from livestock, fossil fuel extraction and waste management.

Actions to reduce emissions in energy generation and supply.

Fossil gas, commonly known as natural gas, is a fossil fuel consisting chiefly of methane with smaller amounts of other hydrocarbons and trace gases, found in underground deposits.

The activities of industries involved in the production, distribution, and sale of energy, including electricity, gas, and renewables.

This sector involves managing waste treatment, sanitation, pollution control and environmental cleanup.

This sector provides communication services, software development, and IT solutions.

This sector involves activities that impart knowledge and skills to individuals, including formal schooling, vocational training and educational support.

Activities of government agencies and institutions that provide public services, enforce laws and manage public resources.

the fair distribution of risks and opportunities of climate change and the transition to a regenerative economy, cognisant in particular of disproportionate impacts on vulnerable communities and the working class

Procedural justice means ensuring that decision making is safe, transparent and inclusive, emphasizing the agency and influence of vulnerable groups and those most impacted.

Presidential Decree No. PD–110 “On Measures for Participation in the International Carbon Units Market”

Policy instrument

Climate justice

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Finance