THE ECONOMICS OF RENEWABLE ENERGY AND ITS IMPACT ON ECONOMIC GROWTH

THE ECONOMICS OF RENEWABLE ENERGY AND ITS IMPACT ON ECONOMIC GROWTH

Authors

  • Razzokov Javokhir Nazirjon ugli 2nd-year Master’s student at Universitas Pendidikan Indonesia https://orcid.org/0009-0007-5801-3778
  • Dr. Siti Parhah MSE, Associate Professor at Universitas Pendidikan Indonesia, Department of Economics of Education

DOI:

https://doi.org/10.5281/zenodo.17427553

Keywords:

green economy, green investments, renewable energy, environment, energy.

Abstract

This article examines Uzbekistan's efforts within the framework of its transition to a green economy, focusing on
the current state and future prospects for the utilization of renewable energy sources. It analyzes the impact of the expanding
renewable energy sector, driven by global initiatives and international agreements, on the country’s economic growth.
As part of “Uzbekistan’s 2019–2030 Green Economy Transition Strategy”, various measures are being implemented to
enhance the effectiveness of green economy mechanisms in achieving sustainable development. Additionally, the article
provides practical recommendations and conclusions on accelerating the transition to a green economy.

Author Biography

Dr. Siti Parhah, MSE, Associate Professor at Universitas Pendidikan Indonesia, Department of Economics of Education

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References

United Nations Environment Programme (UNEP). (2015). Publication UNEP. Retrieved from: http://www.unep.org/

climatechange/

Decree of the President of the Republic of Uzbekistan No. PQ-4477 dated October 4, 2019, “On approval of the

Strategy of the Republic of Uzbekistan for the transition to a “green” economy for the period 2019-2030.” https://lex.

uz/docs/-4539502#

International Renewable Energy Agency (IRENA). (2017). Renewable Capacity Statistics 2017. Retrieved from: www.

irena.org

Maddison Project. (2015). Historical and Statistical World Economy. Retrieved from: http://www.ggdc.net/maddison/

Historical_Statistics/horizontal-file_03-2007.xls

Berdiyorov Bakhtiyor Sodiqovich. (2023). The Necessity, Levers, and Specific Principles of the Transition to the Green

Economy. Green Economy and Development, 10, pp. 565–580.

Green Climate Fund (GCF). (2024). Annual Report 2024. Retrieved from: https://ggindex-simtool.gggi.org/

SimulationDashBoard/country-profile

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Published

2025-03-31

How to Cite

Razzokov Javokhir Nazirjon ugli, & Dr. Siti Parhah. (2025). THE ECONOMICS OF RENEWABLE ENERGY AND ITS IMPACT ON ECONOMIC GROWTH. Innovation Science and Technology, 1(3), 77–81. https://doi.org/10.5281/zenodo.17427553
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