International Journal of Management and Economics Fundamental
76
https://theusajournals.com/index.php/ijmef
VOLUME
Vol.05 Issue01 2025
PAGE NO.
76-80
10.37547/ijmef/Volume05Issue01-14
The importance of developing a green economy in the
regions in the context of economic modernization in our
country
Rasulova Mukhabat Tishabayevna
Head Teacher, Tashkent State Agrarian University, TSAU, Uzbekistan
Received:
29 October 2024;
Accepted:
23 December 2024;
Published:
30 January 2025
Abstract:
The article highlights the measures and methods implemented in the development of the green
economy in the regions in the context of economic modernization in our country.
Keywords:
Green economy, energy resources, modernization, innovation, green space, environment, natural
resources, resources, climate.
Introduction:
In recent years, the "green economy" has
begun to occupy an important place in the economic
development strategy of the Republic of Uzbekistan.
This concept is a new form of socio-economic
development aimed at ensuring environmental
sustainability and involves the rational use of natural
resources. The term "green economy" is being
introduced in order to support the sustainable
development of Uzbekistan, to counteract global
environmental
threats
and
to
increase
the
effectiveness of economic reforms. This article
examines the main ways and prospects for the
development of the "green economy".
Literature analysis
Decrees and decisions of the president of the Republic
of Uzbekistan: documents on the green economy and
environmental
sustainability.
International
Organization reports: recommendations of the UN, the
World Bank and other international organizations on
the green economy. Scientific articles: scientific
research related to the green economy and its
development in Uzbekistan and abroad.
The term green economy is now seen as the key to
sustainable economic development. It relies on
environmentally
friendly
technologies,
energy
conservation, renewable energy sources, and waste
recycling. The development of this model of economy
in Uzbekistan can bring the country to a high level not
only in terms of economic growth, but also in terms of
environmental security.
METHODOLOGY
1.
Increasing energy efficiency: Uzbekistan has
been relying on the energy sector for many years, but
the country's traditional energy sources (gas, coal and
oil) are limited. This is encouraging the country to move
towards energy conservation and renewable energy
sources. The potential for solar, wind and hydropower
use is large, and their use increases the energy
independence of the country.
2.
Introduction of renewable energy sources:
Uzbekistan is one of the most geographically sunny
countries. The presence of sunny days up to 300 days a
year makes it possible to use solar energy on a large
scale. Several solar and wind farms are planned to be
built by the government in 2022, and these projects are
expected to bring major changes to the energy sector
in the future.
3.
Implementation of environmentally friendly
technologies: in many areas of the economy of
Uzbekistan, environmentally harmful technologies are
used. In particular, in industry and agriculture, this is
clearly visible. The introduction of environmentally
friendly technologies within the framework of the
green economy will help protect the environment and
effectively manage resources. For example, the
introduction
of
water-saving
technologies
in
agriculture serves to conserve water resources.
4.
Waste Recycling: another key element of the
International Journal of Management and Economics Fundamental
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International Journal of Management and Economics Fundamental (ISSN: 2771-2257)
green economy is waste recycling. While Uzbekistan
currently has a low level of efficient waste
management and recycling, the government is taking
important steps in this direction. In particular, waste
sorting and recycling centers are being established, and
through this it is envisaged to reduce environmental
problems.
Environmental Protection: Uzbekistan is a country with
many of its natural resources. But with the increase in
industrial activity, the environmental impact is also
increasing. Within the framework of the green
economy, many initiatives should be carried out to
protect the environment. Learning from the Aral Sea
disaster, protecting the natural environment and
maintaining ecological balance should be a priority.
The prospects for the development of the green economy in
Uzbekistan are great.
First
, global trends and international demands dictate
a further activation in this direction. Climate change
and environmental crises, in particular, pose a major
threat to arid climate states such as Uzbekistan. This
makes the development of a green economy a
necessity.
Secondly
, international financial institutions, including
the World Bank and the Asian Development Bank, are
providing Uzbekistan with large amounts of loans and
grants to support the green economy. This financial
support will help to diversify the country's energy
system and implement environmental projects.
Thirdly
, the Natural Resources and geographical
location of Uzbekistan provide favorable opportunities
for the green economy. Areas with great potential in
solar and wind power can be leaders in the use of these
energy sources.
It is also worth mentioning that in recent years, decrees
and decisions that have embodied the specific goals
and objectives that are being adopted in our country,
measures taken within the framework of the
implementation of approved programs, have been
producing positive results. In particular, a state
program for the development of the islet region was
developed, Uzbekistan ratified the Paris Agreement.
The multilateral partnership for Human Security Trust
Fund was established for the Aral Sea region, the
concept of Environmental Protection of the Republic of
Uzbekistan was approved in the period up to 2030.
RESULTS
Uzbekistan adopted the "Strategy of the country's
transition to a "green" economy for 2019-2030", and at
the initiative of our country, a special resolution of the
UN General Assembly was adopted on declaring the
Aral Sea region a zone of ecological innovation and
technologies.
In this regard, the President noted in his speech that
preserving the ecology and environment, preventing
water shortages will continue to be an urgent task. In
particular, in his speech, the Head of State noted that
"...we are a people who are directly experiencing the
world's largest ecological disaster - the Aral tragedy.
Therefore, large-scale programs are currently being
implemented in our republic, including the national
project "Green Space", aimed at preserving and
strengthening the invaluable ecological system...".
Thus, through the implementation of these programs,
an additional 500 thousand people will be able to live
in the dried-up depths of the Aral Sea, which is in the
spotlight of the world community in the context of
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International Journal of Management and Economics Fundamental (ISSN: 2771-2257)
environmental problems and climate change. By
creating 100,000 hectares of green spaces, bringing
their total volume to 2.5 million hectares or 78% of the
territory by the end of 2026, the restoration of
ecological stability will be ensured not only in
Uzbekistan, but also in the region.
Figure 1. Amount of Guarantee and Compensation Assistance allocated
to green economy projects by the Entrepreneurship Development
Company JSC as of June 1, 2024 (billion soums).
The presented figure shows the amount of guarantee
and compensation assistance allocated by the
Enterprise Development Company JSC to green
economy projects in Uzbekistan as of June 1, 2024
(Figure 1). Some conclusions based on the data:
Regional analysis:
✓
The largest amount of assistance was
provided to Khorezm, Bukhara and Tashkent regions.
✓
Relatively small amounts of assistance were
provided to Navoi, Namangan and Fergana regions.
✓
Andijan region received the least amount of
assistance.
The Enterprise Development Company JSC played a
major role in supporting green economy projects in
Uzbekistan.
In order to redirect the global economy towards an
economically, socially and environmentally sustainable
growth model, the principles of a green economy must
be integrated into the structural reforms currently
underway. Experts identify four main channels (and
their respective impacts) through which the formation
of a "green" economy and related structural reforms
can serve as an engine of economic growth, including
in terms of GDP growth.
First
, the transition to a green economy can increase
the input resources of natural, physical and human
capital (these are input effects). We are talking about
increasing the productivity of natural resources
(forests, fisheries, agricultural land, etc.) through more
efficient management of natural capital, increasing the
quality of human potential through improved health
and reducing the incidence of diseases of the
population due to improved environmental conditions.
and finally, reducing economic losses from the loss of
physical capital through more skillful management of
environmental risks, including forest fires, floods and
other natural disasters.
Secondly
, this transition should be accompanied by
favorable structural changes and involves large
investments in a number of systemically important
sectors, including energy, construction, housing and
communal services, etc., aimed at upgrading
production equipment, increasing energy efficiency,
and switching to alternative technologies. energy
sources and reducing greenhouse gas emissions. All
these results are broadly expressed in increasing the
efficiency of key sectors of the economy (efficiency
effect).
International Journal of Management and Economics Fundamental
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International Journal of Management and Economics Fundamental (ISSN: 2771-2257)
Third
, investments in the development of “green”
infrastructure, including water supply and sewage
systems, public transport oriented to alternative fuel
sources, etc., stand out as an important factor of
growth. At the same time, they can stimulate economic
growth on both the supply and demand sides, while
helping to expand employment and reduce
unemployment (especially important in times of crisis).
[3]
Fourth
, the transition to a green economy stimulates
innovative activity, including at the firm level (as a rule,
measured by research and development spending and
patenting activity), which should be supported, along
with the creation of a favorable competitive
environment. can also be achieved through the
introduction of regulatory methods, including
standards and regulations. In the transition to a green
economy, special attention is paid to the formation of
modern infrastructure, which is a key factor in ensuring
sustainable development, and its modernization is an
important element of the structural reforms analyzed
here.
Infrastructure
sectors
include
water
infrastructure (including dams and reservoirs), land
development and planning, housing and urban
planning, coastal flood protection systems, road and
transport infrastructure (including ports, bridges,
roads), energy (including nuclear power plants), and a
number of other sectors. These sectors are
characterized by a long service life of the production
equipment used in them (for the listed number of
sectors - from 20 to 200 years) and long-term
investments, as a result of which their environmental
orientation is ensured. modernization is of great
importance. At the same time, infrastructure networks
are characterized by clear economies of scale, network
effects,
and
synergies
between
economic,
environmental, and social objectives, which increase
the efficiency of the associated investments [5].
CONCLUSIONS
The above results show that the Enterprise
Development Company JSC has allocated a significant
amount of guarantee and compensatory assistance to
green economy projects in Uzbekistan. However, the
distribution of this assistance by region is uneven.
Further analysis is needed to understand the reasons
for these disparities and ensure that effective
assistance is allocated to support green economic
development in all regions of Uzbekistan.
The development of a green economy in Uzbekistan is
of great importance not only for ensuring economic
growth, but also for protecting the environment. The
reforms and initiatives implemented by the state in this
area will create the basis for the country to increase its
energy independence, ensure environmental safety,
and become a leader in the development of a green
economy in the international arena in the future. The
development of a green economy ensures not only
economic, but also environmental and social stability.
In the process of studying foreign experience in the
formation and development of a green economy in
Uzbekistan, several important points can be
International Journal of Management and Economics Fundamental
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International Journal of Management and Economics Fundamental (ISSN: 2771-2257)
highlighted.
First, it is necessary to focus on developing and
implementing a strategy for the transition to a green
economy, which includes specific measures and tools
to achieve this goal. This includes setting goals for
reducing greenhouse gas emissions, developing
renewable energy sources, encouraging the use of
efficient technologies, etc.
Secondly, it is important to take into account the
experience of other countries in the field of training
and retraining personnel to work in green sectors of the
economy. Education and training play an important
role in the successful implementation of green projects
and initiatives.
Thirdly, it is necessary to actively cooperate with
international partners and organizations in order to use
their experience and expertise in developing a green
economy. Collective action and knowledge exchange
will significantly accelerate the transition to sustainable
and environmentally friendly development.
Thus, studying foreign experience in the formation and
development of a green economy is of great
importance for Uzbekistan in achieving its goals for
sustainable development and combating climate
change.
REFERENCES
Sustainable Development Goals of the Republic of
Uzbekistan until 2030.
Uzbekistan Republic Energy Ministry. (2022). "Repeat"
renewable energy "Measures to develop resources."
[Official reports].
World bank. (2023). "In Uzbekistan" green of the
economy development "Prospects" .
UN Progress program (UNDP). (2022). "In Uzbekistan"
ecological "Ensuring Sustainability: Challenges and
Solutions."
Economic cooperation and progress organization
(OECD). (2023). "Green" economy: global trends and
strategies.
https://edcom.uz/uz/news/news_03-06-2024-2.
