Green finance unlocked: innovations, challenges in Uzbekistan’s perspectives
DOI:
https://doi.org/10.5281/zenodo.15706789Keywords:
Green finance; green bonds; ESG investing; sustainable development; climate investment; Uzbekistan; regulatory frameworks; investor education; greenwashing; emerging markets; financial innovationAbstract
This study examines the progress of green finance from 2000–2025, exploring its challenges and importance
for Uzbekistan as well as other countries. While green bonds play a significant role in combating climate change and
promoting eco-friendly development, the industry still faces issues such as confusion over what qualifies as green, lack
of unified standards, greenwashing, and generally low public awareness. It is demonstrated that green finance performs
well when explanations are clear, regulations benefit all stakeholders, and investors are satisfied. Success stories from
the EU, China, and India show that cooperation, consistent regulations, and a variety of financial instruments drive the
growth of green finance. Similar policies, improved financial education, and consistent terminology use are recommended
for Uzbekistan. Advanced training of experts could help Uzbekistan’s economy better utilize clean technologies and green
financial systems. Overall, studies indicate that when used properly, green finance can increase the region’s financial and
environmental well-being.
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