31/03/2022 - 12:21 3981

The green economy is understood as an economy aimed at reducing environmental risks, efficient use of resources and sustainable development without harming the environment.

Humanity began to face very pressing problems in the coming decades, such as climate change, lack of natural resources, the disappearance of biodiversity, growing social inequality. It is emphasized that all these systemic global crises are interconnected and cannot be solved separately, and also that the traditional economic approach cannot ensure a balance of both environmental and social goals aimed at solving these problems. While the traditional economic approach leads to excessive support for consumption, slowing social inclusion, and a sharp decline in natural resources, the green economic approach rejects all this and serves to strike a balance of social well-being and environmental sustainability.

In the last decade, there has been a trend in almost all countries to focus on the green economy, aimed at ensuring economic stability without increasing the use of natural resources and negative environmental impacts, and the concept of a green economy has become a strategic priority for many countries.

The green economy consists of sectors such as renewable energy, green buildings and facilities, sustainable transport, water and land resources, as well as municipal solid waste management.

International organizations have developed and put into practice various sets of indicators that allow assessing the state of development of the green economy in the world and in individual countries and the transition to green growth.

In particular, such international rating indicators as the Global Green Economy Index (GGEI) and the Green Growth Index (GGI) are widely used today, evaluating the effectiveness of the green economy around the world.

Ranking indicator The Global Green Economy Index began to be published in 2010, the last time in 2018 the results of the assessment were presented for 130 countries.

This index is assessed in 4 measurement categories: leadership and climate change, efficiency sectors, market and investment, environment.

The next widely used indicator is the Green Growth Index (GGI). This index evaluates countries in terms of the Sustainable Development Goals, Paris Climate Agreement commitments, Aici Biodiversity targets, and green growth areas such as efficient and sustainable use of resources, natural resource protection, green economic opportunities, social inclusion.

The Green Growth Index consists of 4 target areas, 16 categories and 36 indicators and is maintained on an ongoing basis, covering all countries.

According to the Green Growth Index, countries such as Sweden, Denmark, the Czech Republic and Germany have the highest green growth rates. Below are African countries such as Zimbabwe, Algeria, Nigeria and Niger. Among the CIS countries, the highest rates in this rating were recorded in Georgia, in the Central Asian region in Kyrgyzstan.

Uzbekistan ranks 33rd among Asian countries. If the indicators of social inclusion and natural capital protection in this index are higher, then in the direction of efficient and sustainable resource use, green economic opportunities there is room for further improvement.

It should be noted that the Decree of the President of the Republic of Uzbekistan dated October 4, 2019 No. PD-4477 approved the strategy for the transition of the Republic of Uzbekistan to a green economy for the period 2019-2030. The authorized body for the promotion and implementation of the green economy in the Republic of Uzbekistan is the Ministry of Economic Development and Poverty Reduction.

This strategy outlines the implementation of work in the following priority areas aimed at improving the low performance of our country in the above-mentioned green growth index:

• improving the energy efficiency of the basic sectors of the economy;
• diversification of energy consumption and development of the use of renewable energy sources;
• adaptation and mitigation of the consequences of climate change, increasing the efficiency of the use of natural resources and the conservation of natural ecosystems;
• development of financial and non-financial mechanisms to support the green economy.

As a result of the ongoing practical measures to develop the green economy within the framework of this Strategy, a significant improvement in the country's role in the Green Growth Index and its worthy contribution to the preservation of the global green ecosystem will be ensured.

 

Information Service of the

Ministry of Economic Development and Poverty Reduction