THE ROLE OF THE BANKING AND FINANCIAL SYSTEM IN PROMOTING THE GREEN ECONOMY IN UZBEKISTAN

Аннотация

In recent years, Uzbekistan has been actively transitioning towards a green economy, focusing on sustainable development and environmental conservation. The banking and financial system plays a crucial role inaccelerating thisshift byproviding green financing, promoting eco- friendly investments, and supporting sustainable economic activities. This article explores how financial institutions in Uzbekistan contribute to green economic growth through green bonds, sustainable lending, and investment in renewable energy projects. Furthermore, it highlights the challenges faced in financing a green economy and provides recommendations for enhancing the roleofthe banking sectorinsustainabledevelopment. Keywords: Green economy, sustainable finance, green banking, renewable energy investment, Uzbekistan