CARBON CREDITS AND JSC "UZBEKHYDROENERGO": TRANSFORMATION TOWARDS SUSTAINABLE DEVELOPMENT

The article explores the concept of carbon credits and their potentialrole in the sustainable development strategy of “Uzbekhydroenergo” JSC. In responseto increasing global pressure to reduce greenhouse gas emissions, carbon offsets haveemerged as a crucial environmental tool for neutralizing ecological impacts. Carbonoffsets involve projects that reduce or prevent emissions, with one carbon unit equatingto one metric ton of CO2 or equivalent gases. The article highlights the importance ofcertification organizations like Verra and Gold Standard in ensuring the credibility of theseprojects. It discusses major corporations such as Shell and Volkswagen as significantusers of carbon offsets, and examines popular offset projects including renewableenergy, reforestation, and carbon capture. The article emphasizes Uzbekhydroenergo’sunique position in Uzbekistan’s renewable energy sector, suggesting that the companycan capitalize on carbon offset projects by modernizing hydroelectric plants andrestoring ecosystems. By leveraging international experience and selling certified offsets,“Uzbekhydroenergo” could strengthen its global market position and contribute toUzbekistan’s sustainable development.