THE ROLE OF TAX POLICY IN THE TRANSITION TO A GREEN ECONOMY
DOI:
https://doi.org/10.5281/zenodo.20310052Keywords:
green economy, carbon tax, environmental taxation, Pigouvian tax, emissions trading, fiscal policy.Abstract
This article analyzes the role of tax policy in the transition to a green economy, using Uzbekistan
as a case study. Pigou’s theory of externalities and the double dividend concept serve as the theoretical
framework, complemented by a comparative analysis of the experiences of Sweden, Germany, and Kazakhstan.
The article concludes with a three-stage policy recommendation framework.
References
Oʻzbekiston Respublikasi Prezidentining 02.12.2022-yildagi “2030-yilgacha Oʻzbekiston Respublikasining “yashil”
iqtisodiyotga oʻtishiga qaratilgan islohotlar samaradorligini oshirish boʻyicha chora-tadbirlar toʻgʻrisida”gi PQ-436-sonli
qarori, https://lex.uz/docs/-6303230
Oʻzbekiston Respublikasi Prezidentining 16.02.2023-yildagi “2023-yilda qayta tiklanuvchi energiya manbalarini va
energiya tejovchi texnologiyalarni joriy etishni jadallashtirish chora-tadbirlari toʻgʻrisida”gi PQ-57-sonli qarori, https://
lex.uz/docs/-6385716
Purnawan, A., & Adillah, S. U. (2025). Effectiveness of carbon tax implementation on potential state revenue and
reducing carbon emissions in supporting a green economy in Indonesia. KnE Social Sciences.
Ersoy, M. (n.d.). Environmental policies and fiscal instruments in the context of sustainable development: An analysis
of environmental taxes.
Iqbal, T., Usman, H. M., et al. (2025). Exploring the role of fiscal policies in advancing low-carbon frontiers: An empirical
analysis. ACADEMIA International Journal for Social Sciences.
Arthur Cecil Pigou. (1920). The Economics of Welfare. London: Macmillan.
David William Pearce, & R. Kerry Turner. (1990). Economics of Natural Resources and the Environment. London:
Harvester Wheatsheaf.
Nicholas Stern. (2007). The Economics of Climate Change: The Stern Review. Cambridge: Cambridge University
Press.
Jonas J. Andersson. (2019). Carbon Taxes and CO₂ Emissions: Sweden as a Case Study. American Economic
Journal: Economic Policy, 11(4), 1–30.
Asian Development Bank (ADB). (2023). Central Asia: Pathways to Low-Carbon Development. Manila: ADB; United
Nations Development Programme (UNDP). (2023). Green Economy Transition in Uzbekistan: Challenges and
Opportunities. Tashkent: UNDP.
Mengden, A., & Nieder, A. (2025). Carbon Taxes in Europe, 2025. Tax Foundation Europe
Government Offices of Sweden. (2026). Sweden’s Carbon Tax.
Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) Report. (2024). Accelerating the
Uzbekistan Climate Transition for Green, Inclusive and Resilient Economic Growth — Subprogram 1.
International Energy Agency (IEA). (2025). World Energy Outlook 2025. IEA Publications.
Arfanuzzaman, M. (2024). Digital monitoring, reporting and verification systems for climate accountability: Emerging
frameworks in Central Asia. Journal of Environmental Management and Sustainability.