DETERMINATION OF GREEN FINANCE DEVELOPMENT OPPORTUNITIES AND STRATEGIC DIRECTIONS IN UZBEKISTAN
Abstract
This study aims to assess the opportunities for developing green finance in Uzbekistan, analyze international experiences, and identify existing challenges. Green finance is a mechanism for financing environmentally sustainable projects, encompassing tools such as green loans, bonds, and sustainable investments. The positive impact of green financing on economic stability has been proven worldwide, highlighting the need for scientific research to explore its implementation and expansion in Uzbekistan. The study examines the current state of Uzbekistan's green finance system and identifies key challenges in the sector. Additionally, the experiences of Kazakhstan, Indonesia, and the European Union have been analyzed to determine the feasibility of integrating their models into Uzbekistan’s financial system. Based on the research findings, recommendations have been developed for establishing a green bond market, creating financial incentive mechanisms for green loans, and increasing private sector participation. The results of this study provide both a scienti fic and practical foundation for developing a green financial system, contributing to economic sustainability.
Keywords
green finance, ecological investments, green loans, green bonds, sustainable economy, financial stability
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