Electricity Production From Renewables In Uzbekistan To Reach At Least 40 Percent By 2030 - Deputy Minister

11/15/2024 2:11:15 AM

(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 15. The production of electricity from renewable energy sources in Uzbekistan will amount to at least 40 percent by 2030, the Deputy Energy Minister of Uzbekistan Umid Mamadaminov said during the Ministerial Dialogue on Promoting Energy Transition Based on Renewable Energy Sources in Central Asia, Trend reports.

“Uzbekistan is a country with a high level of energy consumption. 70 percent of emissions come from the energy sector. We realize the importance of climate change, and in recent years Uzbekistan has been actively working to integrate renewable energy sources to reduce carbon footprints and achieve sustainable development goals,” he said.

According to him, the country aims to increase the share of renewable energy. In the energy sector transition, it is important to cooperate with neighboring countries to strengthen cross-border ties. This is really important because the example of the European Union and other countries shows how they are developing their energy transition and cross-border linkages, especially when integrating variable energy sources into the grid. It is necessary to utilize the resources of the whole region.

“Kazakhstan, Tajikistan, and Kyrgyzstan are rich in water resources that have hydropower potential, which fits well with Uzbekistan's renewable resources to balance the system while coordinating our actions. We have already started close cooperation with Tajikistan, Kyrgyzstan, and Kazakhstan to develop Kyrgyzstan's hydropower potential. In particular, within the framework of the large Kambarata HPP project, as well as numerous hydropower projects are being implemented with Tajikistan,” Umid Mamadaminov emphasized.

He noted that Article 6 of the Paris Agreement creates additional opportunities for Central Asian countries to attract investments in carbon projects and create carbon markets.

“Currently, all Central Asian countries are developing their strategies on carbon markets and creating the necessary regulatory framework. We plan to develop our regulatory framework for carbon markets by the end of this year, which will create additional opportunities for the private sector," he said.

Mamadaminov added that the implementation of all these tasks requires the support of financial institutions and the international community in developing a strategy and creating a reliable regulatory framework.

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