Fiscal Instruments supporting the Green Energy Transition in the Central Asian Countries: Overview and recommendations

The CAREC Institute released a new economic brief, which is co-authored by Yazyyev Merdan, the Research Expert at the CAREC Institute, and Muhammetguly Muhammedow, the Head of the Department of World Economy at the Turkmen State Institute of Economics and Management.

This brief gives an overview of Central Asian countries’ fiscal policy tools and policies, and strategies individual countries adopt to enable the green transition. It also identifies the challenges the region faces in fiscally aligning to the sustainability goals and the opportunities enhanced regional cooperation could offer to achieve them. The brief suggests that Central Asian countries can shift to a sustainable, low-carbon economy by implementing fiscal changes, regional cooperation, and innovative solutions such as carbon pricing, clean energy, and carbon capture and storage, etc.

For more details, please download the full report here.