Financing of entrepreneurial activity in the conditions of a green economy

Аннотация

The transition to a green economy will require a radical change in business financing. Traditional financing models often prioritize short-term profitability over environmental profitability, discourage green business growth, and continue unstable practices. This article explores the challenges and opportunities associated with financing entrepreneurship in a green economy, exploring the role of traditional and innovative financial instruments, policy interventions, and the evolving benefits of investors in fostering sustainable innovation and growth. We can say that joint efforts to adapt financial incentives to environmental goals are very important in unlocking the potential of green entrepreneurship and achieving a truly stable future. Keywords: Green economy, entrepreneurship, green finance, sustainable investment, influential investment. Introduction: The urgency of addressing climate In Uzbekistan, the socio-economic relations of the change and environmental degradation has brought business society are becoming embodied, pronounced, the concept of "green economy" to the top of the rapidly developing and mobile. His role and role in the global debate. This economic model focuses on formation and economic development of market sustainable development, resource efficiency and relations in the country is becoming more and more environmental protection, requires a radical revision of noticeable. Joseph Schumpeter, the great economist of production, production and, most importantly, the 20th century (1883 - 1950), said: "Without it, you financing. Entrepreneurship plays an important role in can feel the decisive role of entrepreneurship in the the transition to a green economy by developing socio - economic development of society." innovative technologies, creating new markets and The first scientific studies of entrepreneurship were promoting sustainable business practices. However, carried out by the great scientists of the 18th century access to sufficient and appropriate funding remains an R. Cantilyan, A. Turgot, F. Kene, A. Smith, J.B. Say and important barrier for green entrepreneurs. others. Consequently, the emergence of the concepts Traditional financial institutions often refrain from of "entrepreneur" and "entrepreneurship" coincides investing in green enterprises due to risks, a lack of with this period. Later, such studies acquired a special understanding of green technologies and the long-term scientific focus, and the application of their results in nature of environmental revenues. This article explores practice began to have an effective impact on the the challenges and opportunities associated with economy. One of these results is the formation and financing green entrepreneurship, highlights the need enrichment of the concept of "entrepreneurship." to change investor thinking to unlock the full power of As a result of the introduction into economic policy of innovative financial instruments, supportive policies the principles put forward on the basis of the and green innovation and growth. development of the economy of the environment and Literature review ecology, the concept of "green economy" began to take International Journal of Management and Economics Fundamental 42 https://theusajournals.com/index.php/ijmef International Journal of Management and Economics Fundamental (ISSN: 2771-2257) shape. The term was first used for the UK government pose another source of vulnerability for the economy in 1989 by leading economists in a report entitled in addition to the already high costs of degradation of "Green Economy Plan" [1]. Unlike environmental natural resources. Without action, climate change will economics or ecological economics, the green continue to have severe impacts on Uzbekistan. economy is more practical. "Green economy" does not Effective compliance with environmental regulations belong to the field of science, but mainly to real will contribute to and encourage investors to adopt economic policy, specific areas of activity (energy, greener business practices that provided by attracting innovation, agriculture, etc.). This difference can be "green" investments. Norms in the field of energy observed in the fact that the "green economy" is efficiency, such as energy saving targets for energy- expressed not by the English economy (economic intensive industries or requirements for energy theory or economic sciences such as environmental efficiency of buildings, not always put into practice. economics, economic economics), but by the economy Uzbekistan needs to create a clearer strategic and an (real economic activity). institutional framework for green investment. Despite The term "green finance" was first coined by renowned the presence of several forums for dialogue and inter- economist Richard Sandor in 1992 at Columbia agency coordination, there are gaps between University in New York is used in a special educational ambitious goals and green growth, including in green pr