ADVANTAGES AND CHALLENGES OF A CARBON TAX IN THE FISCAL POLICY IN UZBEKISTAN

Khasanova Ravziya Khusan qizi

Master’s student at Tashkent State University of Economics

E-mail: hasanovaravzia@gmail.com

ORCID:0009-0008-8007-6377

Tel:+998901859449

Abstract: The tightening of international environmental requirements due to the deterioration of climatic conditions creates the need to adapt fiscal policy. This article examines the macroeconomic consequences, fiscal risks, and potential benefits of introducing a carbon tax in the Republic of Uzbekistan. Based on a comparative economic analysis of the international experience of countries such as Sweden, Singapore, Canada, South Africa, and France, it is substantiated that directly copying the stringent environmental fees of developed countries is not feasible given the high carbon intensity of the Uzbek economy and the energy deficit. The paper presents the results of a study of the main trends in reducing the carbon footprint. Conceptual theoretical approaches to the concepts of carbon tax and economic decarbonization are demonstrated. The results obtained expand the general theoretical knowledge on the issue under consideration and can be used when planning strategies for the development of the state’s fiscal policy.

Keywords: carbon tax, fiscal policy, greenhouse gases, SWAM.

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