Green economy development in the Republic of Uzbekistan

Abstract

The “green economy” is a new concept that has emerged in the last two decades, it is associated with sustainable development, calling for the simultaneous achievement of social, economic, and environmental goals. In the Republic of Uzbekistan, a “green” economy can be understood as an economy that leads to increased well-being of people and strengthening social justice while reducing environmental risks, efficiently using resources, and stimulating the conservation of the country’s natural ecosystems. The aim of the study is to compare the economies of Uzbekistan and China, and to extract positive aspects and apply them to the economy of the Republic of Uzbekistan. The main research methods were the generalization and systematization of scientific and statistical data, their comparative analysis, synthesis, application of a systematic approach, data processing using methods of economic analysis, and the general theory of statistics. The object of the study is the Republic of Uzbekistan. For a long time, the development of the Republic of Uzbekistan, and most countries of the world, was focused on achieving economic growth through the irrational use of natural resources. Later it became clear that the path of economic growth must take into account environmental and social factors. The green economy is ensured by growth in income and employment, and public and private investments, which are aimed at reducing pollution emissions, creating jobs, and a favorable environment for the life and health of the population, increasing the efficiency of the use of energy, resources, etc. Currently, issues of the “green” economy are considered by various bodies and committees within international systems, government bodies of various countries, private organizations, and others.