Articles | Open Access |

GREEN BONDS AND THEIR PROSPECTS IN THE FINANCIAL MARKET OF UZBEKISTAN

Hayitov Jamshid Xolboyevich,Yahyoyev Bahriddinxon Bahroil ugli , Samarkand Institute of Economics and Service

Abstract

This article will analyze the essence of green bonds, their international experience and prospects in the financial market of Uzbekistan. The main problems of the introduction of green bonds in our country, aspects related to the existing legal framework and international practice will be considered. At the same time, proposals and recommendations aimed at the development of green bonds are also outlined.

Keywords

green bonds, financial market, environmental investments, international experience, legal framework.

References

International Capital Market Association (ICMA). (2023). Green Bond Principles (GBP). Retrieved from: https://www.icmagroup.org/green-social-and-sustainability-bonds/green-bond-principles-gbp/

European Commission. (2022). EU Sustainable Finance Taxonomy Regulation. Official Journal of the European Union. Retrieved from: https://finance.ec.europa.eu/sustainable-finance/tools-and-standards/eu-taxonomy-sustainable-activities_en

China Green Finance Committee. (2021). Green Bond Endorsed Project Catalogue (2021 Edition). Retrieved from: http://www.greenfinance.org.cn/

Climate Bonds Initiative. (2024). Green Bonds Market Summary 2023. Retrieved from: https://www.climatebonds.net/

Central Bank of the Republic of Uzbekistan. (2023). Concept for the Development of Green Bonds in Uzbekistan’s Financial Market. Tashkent.

Asian Development Bank (ADB). (2024). Uzbekistan: Strengthening Green Finance Initiatives. Asian Development Bank Publications. Retrieved from: https://www.adb.org/

International Finance Corporation (IFC). (2023). Green Finance: Opportunities and Challenges in Emerging Markets. Washington, D.C.: World Bank Group.

World Bank. (2022). Green Bond Impact Report 2022. Retrieved from: https://www.worldbank.org/en/topic/climatefinance

Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan. (2019). Strategy for Transition to a Green Economy for the period 2019–2030. Tashkent.

Law of the Republic of Uzbekistan. (2023). Law on Environmental Protection (New Edition). Retrieved from: https://lex.uz/

Moody’s Investors Service. (2023). The Role of ESG Factors in Credit Ratings and Green Bond Markets. Moody’s Report.

Organisation for Economic Co-operation and Development (OECD). (2022). Developing Sustainable Finance Markets in Emerging Economies: Best Practices and Lessons Learned. OECD Publishing.

European Bank for Reconstruction and Development (EBRD). (2023). Green Transition Report 2023: Securing the Future. Retrieved from: https://www.ebrd.com/green-economy

Article Statistics

Downloads

Download data is not yet available.

Copyright License

Download Citations

How to Cite

GREEN BONDS AND THEIR PROSPECTS IN THE FINANCIAL MARKET OF UZBEKISTAN. (2025). International Journal of Artificial Intelligence, 5(04), 1482-1486. https://www.academicpublishers.org/journals/index.php/ijai/article/view/4123