Uzbekistan Fical Institute Proposes Carbon Tax for Industry from 2028

Uzbekistan’s Fiscal Analysis Institute has proposed preparing a carbon tax for major industrial enterprises in 2027, with implementation potentially beginning in 2028. The tax would initially target the largest emitters before possibly expanding to other companies. Policymakers are considering either actual carbon dioxide emissions or carbon-fuel consumption as the tax base, with rates potentially rising gradually in 2029–2030. The proposal aims to incorporate emission costs into production, encourage energy efficiency and reduce pollution. A domestic carbon-pricing mechanism could also help exporters reduce exposure to carbon-related charges in foreign markets. However, the initiative remains an analytical recommendation and is neither an adopted government decision nor a draft law.
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