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MACROECONOMIC DRIVERS OF CARBON EMISSIONS IN UZBEKISTAN: AN ARDL APPROACH
Sherali Muqimov

This paper provides an empirical analysis of the impact of economic growth, industrial development, foreign direct investment, and energy consumption on carbon dioxide emissions in Uzbekistan over the period 1991-2024, employing the ARDL and ECM frameworks. The results indicate that, in both the long and short run, economic growth is associated with improvements in environmental efficiency, whereas foreign direct investment is predominantly concentrated in emission-intensive sectors. The findings highlight the need to enhance industrial policy through strengthened institutional and investment mechanisms.

02/27/2026
  • PDF (Uzbek)
149-158 6 14
THE CURRENT STATE OF CAPITAL ATTRACTION THROUGH THE ORGANIZATION OF SUKUK EMISSION
Mohinur Sadullayeva

The article covers the purpose, theoretical foundations and significance of sukuk emission in attracting capital from the international financial market. The different characteristics of sukuk from traditional bonds, the dynamics of change in the number of sukuk issuing countries and their distribution by country, the stages of circulation of sukuk certificates and the total volume of global short-term sukuk emissions have been analyzed. Proposals and recommendations for the introduction of sukuk are presented in Uzbekistan.

02/27/2025
  • PDF (Uzbek)
133-140 50 44
AN ECONOMETRIC ANALYSIS OF AIR CONTAMINATION IN UZBEKISTAN
Nurbek Khalimjonov

Pollution and the economy have been closely interconnected throughout the entirety of human history. The understanding of the relationship between environmental degradation and economic development is incomplete as a result of disciplinary prejudices. The aim of this research is to comprehend the dynamic correlation between air pollution and the economy of Uzbekistan. Additionally, it seeks to examine the presence of the Environmental Kuznets Curve (EKC) to identify the most effective policy options for reducing emissions while sustaining economic growth. This study utilized the Bayer-Hanck Cointegration test and Granger Causality tests to accomplish its objectives. The presence of Bayer-Hanck cointegration suggests a durable connection between air pollution and economic growth. Furthermore, the Granger causality test demonstrates that there is a causal relationship between economic growth and the three air pollutants, with a significance level of 0.05. This study seeks to address a gap in the current literature by examining the relationship between air pollutants and economic growth. It attempts to investigate the EKC hypothesis and the effects of air pollution on economic growth specifically in Uzbekistan.

05/31/2024
  • PDF
133-142 136 92
THE ENVIRONMENTAL IMPACT OF INDUSTRIAL ENTERPRISES DEVELOPMENT
Abduvali Isadjanov , Iqbolxon Mansurova

This article provides recommendations for developing innovative methods to assess the environmental impact of industrial enterprise development by examining international experiences, various methodologies, regulatory frameworks, and advanced global practices in environmental impact assessment. It also analyzes key global indicators related to industry and waste management, as well as year-by-year statistical data on pollutant emissions released into the atmosphere by industrial enterprises in Uzbekistan. Furthermore, the article identifies several systemic challenges in the process of reducing the environmental impact of industrial enterprises in Uzbekistan and offers recommendations for addressing these issues.

12/29/2025
  • PDF
99-109 49 25
REGIONAL AND SECTORAL CHARACTERISTICS OF THE USE OF FUEL AND ENERGY RESOURCES IN UZBEKISTAN
Marguba Adilova

This article analyzes the eco-energy resources of renewable energy sources, the potential for mitigating the consequences of climate change and costs, and analyzes Uzbekistanʼs climate change strategy, energy requirements and greenhouse effect, options for reducing emissions, and renewable technologies (solar, wind, bioenergy and hydropower).

02/27/2025
  • PDF (Uzbek)
259-267 42 44
THE ROLE OF FINANCIAL INCENTIVES IN THE TRANSITION TO A GREEN ECONOMY IN UZBEKISTAN
Nelya Yengalicheva

The article analyzes the achievements of Uzbekistan in the field of sustainable development in recent years, including the introduction of renewable energy sources, increased waste recycling and legislative initiatives. It provides international experience of the EU, USA, China, Kazakhstan and other countries, demonstrating successful practices of financial incentives. The article offers recommendations for the creation of a national "green fund", the development of preferential lending programs, educational initiatives and the improvement of the investment climate. It is predicted that the implementation of these measures will increase the share of renewable energy, reduce CO₂ emissions and create new jobs in environmentally friendly industries.

11/29/2024
  • PDF (Russian)
474-478 75 35
THE IMPORTANCE OF INTERNATIONAL AGREEMENTS IN ENSURING SUSTAINABLE DEVELOPMENT AND REDUCING IMPACT ON THE ENVIRONMENT
Jasurbek Turgunov

This article explores the importance of international regulations in ensuring sustainable development. The study analyzed quantitative indicators of climate change, including CO2 emissions. It focuses on the mechanisms of implementation of international regulatory documents in ensuring environmental stability. Also, the article pays special attention to the issue of implementing effective measures to ensure the Paris Agreement.

10/31/2024
  • PDF (Uzbek)
257-261 71 92
STATISTICAL ANALYSIS ON SHORT-TERM SUKUK EMISSION
Zilola Shamansurova, Maftuna Norboyeva

A short-term sukuk is an Islamic securities whose maturing period takes place within a year.This article provides statistical analysis on a number of issues such as the short-term type of Islamic securities (sukuk), the year-cross analysis of short-term sukuk emissions, and the causes of growth and decline trends. The statistical analysis used the annual reports of the International Islamic financial market(IIFM)on sukuk. The analysis was summed up and several additional points were given at the end of the article

05/31/2024
  • PDF (Uzbek)
299-305 113 70
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