1.3 tons of precious metals sold on commodity exchange in six months

The Uzbekistan Commodity Exchange summarized the results of the first half of 2024, Spot writes with reference to the press service of the trading platform.

According to the report, "green" certificates were sold on the exchange for the first time, amounting to 257.2 million UZS.

Additionally, over the six-month period, 1.3 tons of precious metals were sold for a total of 876.5 billion UZS, with 873.5 billion UZS coming from gold and 3 billion UZS from silver. The market price of gold increased by 19% during this period, from 794.2 thousand to 944.7 thousand UZS per gram.

The introduction of "green" certificates was stipulated by the state program for 2023. It is expected that enterprises will purchase them as an alternative to installing solar panels to ensure at least 30% of their energy comes from environmentally friendly sources.

The procedure for issuing and releasing "green energy" certificates was approved last October. To issue the certificates, the generation facility must be registered, and a one-time fee must be paid—equivalent to 500 euros for capacities up to 3 MW and 1000 euros for higher capacities.

Certificates are placed on the exchange for trading in the form of standard lots. Each certificate represents the equivalent of 1000 kWh of electricity generated from renewable sources (hydroelectric, solar, wind energy).

In February 2024, the president exempted income from "green energy" certificates from profit tax.

In June, "green" bonds were included in the rules for issuing securities. When applying for the registration of "green" bond issuance, the use of the raised funds must be specified according to the requirements of the National Green Taxonomy or equivalent classifiers, along with the planned results (KPIs). It is also required to obtain a certificate of compliance with "green" standards.