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2026
III International Bioeconomy Forum: Special Issue

I-SEKSIYA - GLOBAL VA MINTAQAVIY BARQAROR RIVOJLANISHNING SIYOSATI, TAJRIBA VA STRATEGIYALARINI MUHOKAMA QILISH

GREEN FINANCE AND THE DECOUPLING OF ECONOMIC GROWTH FROM CARBON EMISSIONS: EMPIRICAL EVIDENCE FROM UZBEKISTAN

DOI 10.67668/mj/2026issmaxsus/2022 Pages 79-91

Published 2026-09-25

Authors
Djurayeva Dilnoza Davron qizi
Affiliation
Bukhara State University image/svg+xml
III Bioiqtisodiyot xalqaro forumi, Buxoro, 24-25-sentabr 2026
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Abstract

The article examined the relationship between economic growth and carbon dioxide emissions amid Uzbekistan’s green finance development. World Bank data for 2000-2023 supported carbon intensity analysis, Tapio elasticity calculations and structural break regressions. Robustness was assessed using alternative period boundaries and excluding the pandemic year. Carbon intensity declined over time, while changes in the relationship after 2019 were not statistically significant. Findings were interpreted considering limited observations and financing implementation lags. Recommendations addressed recording green financial flows, monitoring energy indicators and extending data coverage. Additional observations were considered necessary to assess the direct causal contribution of green finance to emissions decoupling.

Keywords

green finance, economic growth, carbon dioxide emissions, carbon intensity, decoupling, Tapio elasticity, renewable energy, Uzbekistan

References

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