MACROECONOMIC MODELS AND PROSPECTS OF TRANSITION TO A GREEN ECONOMY IN UZBEKISTAN

Abstract

The transition to a green economy has become one of the key priorities for ensuring sustainable economic
growth, environmental protection, and efficient resource utilization in Uzbekistan. This article examines the role of
macroeconomic models in assessing the economic, social, and environmental impacts of the transition to a green economy.
The study analyzes the theoretical foundations of green economic development and explores the applicability of various
macroeconomic approaches in the context of sustainable development. Particular attention is paid to Uzbekistan’s ongoing
reforms aimed at expanding renewable energy sources, improving energy efficiency, reducing greenhouse gas emissions,
and promoting environmentally friendly production practices. The article evaluates the potential macroeconomic effects of
green investments on economic growth, employment, productivity, and environmental sustainability.
Furthermore, it identifies the main opportunities and challenges associated with the country’s green transformation
process. The findings suggest that the successful implementation of green economy policies can contribute to longterm
economic resilience, enhanced competitiveness, and improved environmental quality. The study concludes that the
integration of macroeconomic modeling into policy design can support evidence-based decision-making and facilitate
Uzbekistan’s transition toward a sustainable and low-carbon economy.