PROSPECTS FOR THE DEVELOPMENT OF GREEN FINANCING PRACTICES THROUGH THE CAPITAL MARKET OF UZBEKISTAN
DOI:
https://doi.org/10.5281/zenodo.16833952Keywords:
Green financing, capital markets, Uzbekistan, green bonds, sustainable finance, SDGs, green economyAbstract
The urgency of transitioning toward a green economy has brought to the fore the role of innovative financial instruments and capital market frameworks. For Uzbekistan, where economic reforms and sustainable development goals converge, green financing represents both a necessity and an opportunity. This article explores the prospects for developing green financing practices through Uzbekistan's capital market, using insights from international organizations and national initiatives. It identifies key achievements, institutional gaps, regulatory needs, and strategic opportunities to mobilize green investments at scale.
References
OECD (2023). Financing Uzbekistan’s Green Transition: Capital Market Development and Opportunities for Green Bond Issuance. OECD Publishing.
EBRD (2024). Uzbekistan renewable energy and green finance overview. https://www.ebrd.com
Joint SDG Fund (2021). Uzbekistan’s First SDG Bond Allocation and Impact Report. https://www.jointsdgfund.org
Sustainalytics (2021). Republic of Uzbekistan SDG Bond Framework - Second Party Opinion. https://www.sustainalytics.com
Climate Bonds Initiative (2024). Green Bond Market Summary. https://www.climatebonds.net
