ECONOMIC MECHANISMS FOR THE EFFICIENT UTILIZATION OF ALTERNATIVE ENERGY RESOURCES IN UZBEKISTAN’S ENERGY INDUSTRY AND THEIR IMPROVEMENT DIRECTIONS
DOI:
https://doi.org/10.5281/zenodo.21639292Abstract
This article provides a systematic analysis of the existing economic mechanisms for the efficient
utilization of alternative energy resources in Uzbekistan’s energy industry and substantiates the priority directions
for their improvement. The study evaluates the interrelationships among investment, financial, institutional, and
market factors influencing the development of renewable energy sources. Furthermore, it proposes scientific and
practical recommendations aimed at assessing alternative energy projects based on comprehensive economic
efficiency, introducing differentiated incentive mechanisms, ensuring the rational utilization of regional resource
potential, increasing the level of localization, and implementing a digital monitoring system.
Keywords
alternative energy resources, renewable energy sources, energy industry, economic mechanism, energy efficiency, green economy, investment policy, public-private partnership, green financing, tariff policy, energy market, energy securityReferences
1. International Energy Agency. Uzbekistan 2022: Energy Policy Review. Paris: OECD Publishing, 2022.
2. p.
3. International Energy Agency. Solar Energy Policy in Uzbekistan: A Roadmap. Paris: IEA Publications,
4. 58 p.
5. International Renewable Energy Agency. Renewable Power Generation Costs in 2023. Abu Dhabi:
6. IRENA, 2024. 212 p.
7. International Renewable Energy Agency. Renewable Energy Auctions: Design for Risk Allocation. Abu
8. Dhabi: IRENA, 2026. 100 p.
9. World Bank. Uzbekistan Private Sector Power Generation Support Project: Project Appraisal Document.
10. Washington, D.C.: World Bank, 2020. 105 p.
11. World Bank. Uzbekistan Navoi Scaling Solar Independent Power Producer Project: Project Appraisal
12. Document. Washington, D.C.: World Bank, 2020. 85 p.
13. Asian Development Bank. Uzbekistan: Sector Assessment Energy. Manila: Asian Development Bank,
14. 14 p.
15. Radovanović M., Filipović S., Pavlović D. Sustainable Energy Transition in Central Asia: Status and
16. Challenges // Energy, Sustainability and Society. 2021. Vol. 11. Art. 49.
17. Eshchanov B.R., Stultjes M.G.P., Eshchanov R.A., Salaev S.K. Prospects of Renewable Energy
18. Penetration in Uzbekistan Perception of the Khorezmian People // Renewable and Sustainable Energy Reviews.
19. Vol. 21. P. 789-797
20. Lesser J.A., Su X. Design of an Economically Efficient Feed-in Tariff Structure for Renewable Energy
21. Development // Energy Policy. 2008. Vol. 36, No. 3. P. 981-990
22. Winkler J., Magosch M., Ragwitz M. Effectiveness and Efficiency of Auctions for Supporting Renewable
23. Electricity. What Can We Learn from Recent Experiences? // Renewable Energy. 2018. Vol. 119. P. 473-489
24. Del Río P., Kiefer C.P. Which Policy Instruments Promote Innovation in Renewable Electricity
25. Technologies? A Critical Review of the Literature with a Focus on Auctions // Environmental Innovation and
26. Societal Transitions. 2022. Vol. 43. P. 33-51
27. https://stat.uz
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 ECONOSCITECH INTEGRATION

This work is licensed under a Creative Commons Attribution 4.0 International License.
