Academia Open
Vol. 10 No. 1 (2025): June

Key Indicators Driving Innovative Growth in the Green Economy

Mirzayev Kulmamat Djanzakovich (Professor, Doctor of Economics Samarkand institute of economics and service)



Article Info

Publish Date
09 Jun 2025

Abstract

General Background: Addressing the global imperative of harmonizing economic growth with environmental sustainability, the concept of a green economy has gained international traction. Specific Background: Rooted in ecological economics, the green economy emphasizes resource efficiency, renewable energy, and social equity, offering a strategic framework for sustainable development. Knowledge Gap: Despite the global momentum, emerging economies like Uzbekistan face challenges in implementing green transitions due to limited institutional capacity, financing constraints, and insufficient innovation infrastructure. Aims: This study investigates the indicators, policies, and practices driving innovative green economic development, with a focus on Uzbekistan’s transition strategies and international benchmarks. Results: The findings underscore the positive economic impact of green policies, including potential job creation (up to 270,000 green jobs by 2050), renewable energy investments exceeding $5 billion, and advancements in waste management, transportation, and agriculture. Novelty: The paper presents a comprehensive model integrating global best practices with national-specific strategies, supported by the World Bank-funded iCRAFT project. Implications: The results inform policy on fostering low-carbon growth, enhancing green innovation, and ensuring equitable access to green development benefits. Uzbekistan’s evolving framework positions it to become a regional leader in sustainable economic transformation.Highlight : Policy Integration – Strategic planning and government support are vital to transitioning into a green economy. Innovation Impact – Green technologies like smart grids and fintech drive sustainable growth. Job Creation – Green sectors are projected to generate over 270,000 jobs in Uzbekistan by 2050. Keywords : Green Economy, Sustainability, Innovation, Renewable Energy, Uzbekista

Copyrights © 2025






Journal Info

Abbrev

acopen

Publisher

Subject

Medicine & Pharmacology Public Health

Description

Academia Open is published by Universitas Muhammadiyah Sidoarjo published 2 (two) issues per year (June and December). This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This ...