Articles

THE ROLE OF CIRCULAR ECONOMY IN ACHIEVING A GREEN ECONOMY

Vol. 5 No. 10 (2025): Eurasian Journal of Law, Finance and Applied Sciences 34-39

2025-10-13 Articles Open Access

Authors

  • Behruz Hamdamov Student of the faculty of Finance Tashkent state university of economics
  • Sukhrob Allayarov PhD, associate professor department of “Finance and financial technologies”, Tashkent state university of economics

Abstract

The circular economy offers a radical way of sustainable development that encourages efficiency of the resources, minimizing waste, and environmental degradation. In this paper, the authors discuss the importance of a circular economy in promoting a green economy, paying attention to the theoretical basis, the policy tools applied by the country in Uzbekistan, and the current progress (2019-2024). It relies on the qualitative literature review and policy analysis, and offers specific suggestions to ensure that the Uzbekistan transition into circularity is speeded up.

Keywords:

References

Allayarov, S. (2025). Financing ecological projects within the green economy: mechanisms, challenges and opportunities. Intent Research Scientific Journal.

Government of Uzbekistan. (2019). Strategy for the Transition of the Republic of Uzbekistan to a Green Economy (2019–2030).

International Energy Agency (IEA). (2023). A Solar Energy Roadmap for Uzbekistan by 2030.

Isakulova, B., Usmanova, L., & Saidvaliyeva, D. (2024). Transition to a Green Economy in Uzbekistan: Prospects and Challenges for the Development of Renewable Energy. E3S Web of Conferences.

Jackson, T. (2009). Prosperity without Growth: Economics for a Finite Planet.

Jiyanova, N. (2023). Digital transformation and sustainable development. E3S Web of Conferences.

Pearce, D., Markandya, A., & Barbier, E. (1989). Blueprint for a Green Economy.

President of Uzbekistan. (2019). Presidential Decree PF-5863 on Green Economy Implementation. Lex.uz.

Raworth, K. (2017). Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist.

Reuters. (2024). Uzbekistan announces $1.3 bln in waste-to-energy projects.

UNDP Uzbekistan. (2023). Uzbekistan’s first Green Bond and Sustainable Finance Report.

World Bank. (2023). Towards a Greener Economy in Uzbekistan.

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    Published

    2025-10-13

    How to Cite

    Hamdamov , B. ., & Allayarov , S. (2025). THE ROLE OF CIRCULAR ECONOMY IN ACHIEVING A GREEN ECONOMY. Eurasian Journal of Law, Finance and Applied Sciences, 5(10), 34-39. https://www.in-academy.uz/index.php/EJLFAS/article/view/12395
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