UZBEKISTAN’S STRATEGY FOR TRANSITION TO “GREEN ACCOUNTING”: EXISTING PROBLEMS AND PROMISING OPPORTUNITIES

Ochilov Farxodjon Shavkatjon Ugli and Hamroyeva Sevinchbonu Hamroyevna

GREEN ECONOMY AND DEVELOPMENT, 2024, vol. 2

Abstract: Green accounting is a new way of including environmental costs in financial decisions, which can greatly helppromote sustainable development. This article looks at the significance, challenges, and opportunities of using greenaccounting in Uzbekistan, a country currently making important changes to its economic and environmental policies.Green accounting is vital for a country's overall growth, especially given the issues of resource depletion and environmentalharm. By aligning with global sustainability trends, Uzbekistan can improve its international competitiveness and attracteco-friendly investments. This article contributes to the conversation about sustainable development in Uzbekistan byanalyzing how green accounting could transform the country’s economy. Through a thorough review of current literatureand practical studies, the article highlights both the theory and practice of implementing green accounting in Uzbekistan. Italso offers recommendations for overcoming challenges and maximizing opportunities for sustainable economic growth.

Keywords: green accounting method; energy industry; sustainable development; environmental policies; the IFRS S1 and S2 Sustainability Disclosure Standards (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:2:y:2024:id:7232

DOI: 10.5281/zenodo.17380371

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