Uzb grge policyBrief ExSum 5 20210301 at


For Uzbekistan, the pandemic particularly underscores the conviction that the path to achieving its



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un doc uz ENG green recovery

For Uzbekistan, the pandemic particularly underscores the conviction that the path to achieving its 
National Green Economy Strategy objectives is through a planned green recovery.
To get on that path, the 
Government’s support for businesses and households needs to aim not only to restart the economy, but to 
transform it. Initiatives could include direct investments in environmentally friendly solutions in addition to 
incentivizing private investments in low-carbon technologies. For the energy sector, this would be a less costly 
path than supporting fossil fuel infrastructure (40 percent of which is at the end of its life) that might be 

stranded
’ as the cost of renewables continues to drop and as importers of carbon-based energy undertake their 
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own transition. Such spending would also make it possible to meet the country’s Paris climate commitment and 
implement its Nationally Determined Contributions (NDC).
Much of what has been proposed as “green” across the various national and sector plans in the way of 
policy, regulatory and fiscal measures needs implementing. 
Elsewhere, efforts are still fledgling, and many 
needed actions have yet to be agreed. Further integration of sectoral policies is needed in order to harmonize 
budgeting, regulations and standards, promote efficiency and synergies as well as ensure implementation at all 
levels (suggestions for practical steps and deployment of cross-sectoral integration could be among the priority 
tasks of the National Interagency Green Economy Council proposed in the paper and summarized below). Also 
critical are additional and stronger incentives for private and state actors to channel financial, technological
management and human resources to sustain natural resources and reduce pollution and carbon emissions. 
Importantly, industry will need to be encouraged to adopt genuine corporate and social responsibility and 
environmental, social, governance principles and practices.
 Assets that at some 9me prior to the end of their economic life (as assumed at the investment decision point), are no longer able to 
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earn an economic return (i.e. meet the company’s IRR), as a result of changes associated with the transi9on to a low-carbon economy 
because of lower than an9cipated demand and/ or prices. (Source: 
h#ps://carbontracker.org/terms/stranded-assets/
)
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