GREEN ECONOMY TRANSITION IN UZBEKISTAN: OPPORTUNITIES AND CHALLENGES
Authors/Creators
- 1. National university of Uzbekistan Named after Mirzo Ulugbek Teacher of Finance and credit department
Description
: The transition to a green economy has become an important priority for achieving sustainable economic growth and environmental sustainability. This study examines the opportunities and challenges associated with Uzbekistan’s green economy transition within the framework of national development strategies and environmental reforms. The research is based on a theoretical-practical approach and applies literature review, policy analysis, comparative analysis, and system-based assessment methods. The findings indicate that Uzbekistan has significant opportunities for renewable energy development, green investment attraction, resource efficiency improvement, and green job creation. However, challenges such as water scarcity, climate change impacts, high investment costs, technological dependence, and institutional limitations continue to affect the effectiveness of green transformation. The study concludes that the successful implementation of green economy reforms requires stronger financial support, technological modernization, and institutional capacity building. Several policy recommendations are proposed to enhance the effectiveness and sustainability of Uzbekistan’s green development agenda.
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Additional details
References
- 1.President of the Republic of Uzbekistan. (2019, October 4). On the approval of the Strategy for Transition of the Republic of Uzbekistan to a Green Economy for 2019–2030 (Resolution No. PP-4477).
- 2.President of the Republic of Uzbekistan. (2022, December 2). On measures to improve the effectiveness of reforms aimed at transitioning the Republic of Uzbekistan to a green economy by 2030 (Resolution No. PP-436).
- 3.Jackson, T. (2017). Prosperity without growth: Foundations for the economy of tomorrow (2nd ed.). Routledge. (Original work published 2009).
- 4.Nazarova, F. (2021). O'zbekistonda yashil iqtisodiyotga o'tishning konseptual asoslari. Toshkent davlat iqtisodiyot universiteti ilmiy nashrlari.
- 5.Organisation for Economic Co-operation and Development (OECD). (2023). Green growth indicators 2023. OECD Publishing.