The Role of Green Energy In The Development of The Regional Economy
DOI:
https://doi.org/10.47134/academicia.v2i1.17Keywords:
Green Energy, Regional Economy, Renewable Energy Sources, Solar Energy, Wind Energy, Carbon Footprint Reduction, Environmental Sustainability, Energy Efficiency, Investments, Innovative Technologies, Job Creation, Financial Stability, Environmental Protection, Climate Change, Green Economy, Optimizing Energy Consumption, Technological Development, International Cooperation, Reducing CO₂ EmissionsAbstract
This article analyzes the role of green energy in the development of the regional economy. The impact of renewable energy sources on economic stability, job creation, investment attraction, and environmental improvement is examined. The study employs analytical, statistical, and comparative methods. The results indicate that green energy is one of the key factors in regional development, and its effective implementation positively influences economic growth and environmental sustainability. Additionally, the article discusses current challenges in the green energy sector, including technological and financial barriers, as well as legal and institutional factors. Special attention is given to the socio-economic aspects of green energy, including improving population welfare, ensuring energy security, and reducing the carbon footprint. The connection between green energy and Sustainable Development Goals (SDGs) is highlighted, along with its long-term economic impact. Recommendations for the development of green energy are provided, emphasizing the importance of government policies, private sector involvement, and international cooperation.
References
Behera, P. (2024). What Drives Environmental Sustainability? The Role Of Renewable Energy, Green Innovation, And Political Stability In OECD Economies. International Journal Of Sustainable Development And World Ecology, 31(7), 761-775, ISSN 1350-4509, Https://Doi.Org/10.1080/13504509.2024.2333812
Cabinet Of Ministers Of The Republic Of Uzbekistan. (2021). Program Of Comprehensive Measures For The Development Of Green Energy. Tashkent.
Deng, M. (2025). The Role Of Green Finance In Reshaping End-Use Energy Consumption: Insights From Regional Evidence In China. Frontiers In Environmental Science, 13, ISSN 2296-665X, Https://Doi.Org/10.3389/Fenvs.2025.1539987
Guo, J. (2021). Exploring The Role Of Green Innovation And Investment In Energy For Environmental Quality: An Empirical Appraisal From Provincial Data Of China. Journal Of Environmental Management, 292, ISSN 0301-4797, Https://Doi.Org/10.1016/J.Jenvman.2021.112779
Jumaev I. (2019). Prospects For The Use Of Renewable Energy Sources In Uzbekistan. Journal "Economy And Sustainable Development," No. 3, Pp. 45-57.
Kholmatov R. (2021). Prospects For The Development Of Solar And Wind Energy In Uzbekistan. Journal "Innovative Economics," No. 2, Pp. 20-34.
Law Of The Republic Of Uzbekistan (2020). On The Development Of Energy Efficiency And Renewable Energy Sources. Collection Of Legislation, No. 12.
Lee, C.C. (2023). How Does Green Finance Affect Energy Efficiency? The Role Of Green Technology Innovation And Energy Structure. Renewable Energy, 219, ISSN 0960-1481, Https://Doi.Org/10.1016/J.Renene.2023.119417
Lee, C.C. (2024). Does Green Credit Promote The Performance Of New Energy Companies And How? The Role Of R&Amp;D Investment And Financial Development. Renewable Energy, 235, ISSN 0960-1481, Https://Doi.Org/10.1016/J.Renene.2024.121301
Ma, W. (2023). Exploring The Role Of Educational Human Capital And Green Finance In Total-Factor Energy Efficiency In The Context Of Sustainable Development. Sustainability (Switzerland), 15(1), ISSN 2071-1050, Https://Doi.Org/10.3390/Su15010429
Mirzaev, A. (2021). Green Energy In Uzbekistan: Challenges And Opportunities. Tashkent: Economics And Innovation Publishing House.
President Of The Republic Of Uzbekistan (2019). Decree Of The President Of The Republic Of Uzbekistan No. PP-4477 "On The Strategy For The Transition Of The Republic Of Uzbekistan To A Green Economy Until 2030." Tashkent.
Su, L. (2023). Environmental Regulations And Chinese Energy Sustainability: Mediating Role Of Green Technology Innovations In Chinese Provinces. Sustainability (Switzerland), 15(11), ISSN 2071-1050, Https://Doi.Org/10.3390/Su15118950
Sun, G. (2023). Promotion Of Green Financing: Role Of Renewable Energy And Energy Transition In China. Renewable Energy, 210, 769-775, ISSN 0960-1481, Https://Doi.Org/10.1016/J.Renene.2023.04.044
Turaev U. (2020). Ecological Sustainability And Green Energy In Uzbekistan. Journal "Science And Progress," No. 4, Pp. 30-42.
Turdaliyev N. Et Al. (2022). The Role Of Renewable Energy Sources In Sustainable Economic Development. Tashkent: Ilm-Fan Publishing House.
Xu, X. (2024). Examining The Impact Of Global Uncertainty Shocks On The Digital Economy's Role In China's Energy Transition And Green Economic Recovery. Economic Change And Restructuring, 57(2), ISSN 1573-9414, Https://Doi.Org/10.1007/S10644-024-09653-6
Zhao, J. (2023). The Role Of Green Finance In Eradicating Energy Poverty: Ways To Realize Green Economic Recovery In The Post-COVID-19 Era. Economic Change And Restructuring, 56(6), 3757-3785, ISSN 1573-9414, Https://Doi.Org/10.1007/S10644-022-09411-6
Yuliani, S. (2018). The Community Role In Green Area Sustainability As A Model Of Energy-Efficient Buildings In The Humid Tropical Region. IOP Conference Series: Earth And Environmental Science, 213(1), ISSN 1755-1307, Https://Doi.Org/10.1088/1755-1315/213/1/012010
Wang, T. (2018). Toward A Spatial Perspective On Business Sustainability: The Role Of Central Urban And Environmentally Sensitive Areas In Energy Corporates' Green Behaviours. IOP Conference Series: Earth And Environmental Science, 113(1), ISSN 1755-1307, Https://Doi.Org/10.1088/1755-1315/113/1/012116
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Jumaniyazov Nodirbek Odilbek ugli, Raxmatullayev Umarbek Ulugbekovich, Yusupov Sherzodbek Baxtiyor ugli, Yusubov Makhmudjon Qudrat ugli
This work is licensed under a Creative Commons Attribution 4.0 International License.
