Mobilizing Carbon Finance to Meet the Socioeconomic Costs of Reforming Energy Tariffs and Subsidies in Uzbekistan

Across the globe countries are looking to cut greenhouse gas emissions to reach carbon neutrality and combat climate change. But doing so can be complicated. Countries are putting a price on carbon emissions (or carbon equivalents for other gases). In a landmark pilot in Uzbekistan, the World Bank is testing a way to reward countries for improving their sustainable energy policies. The program monetizes carbon-cutting efforts and prepares the country to sell carbon credits on the international carbon market