UZBEKISTAN’S STRATEGY FOR TRANSITION TO “GREEN ACCOUNTING”: EXISTING PROBLEMS AND PROMISING OPPORTUNITIES
DOI:
https://doi.org/10.5281/zenodo.17380371Keywords:
green accounting method, energy industry, sustainable development, environmental policies, the IFRS S1 and S2 Sustainability Disclosure StandardsAbstract
Green accounting is a new way of including environmental costs in financial decisions, which can greatly help
promote sustainable development. This article looks at the significance, challenges, and opportunities of using green
accounting 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 environmental
harm. By aligning with global sustainability trends, Uzbekistan can improve its international competitiveness and attract
eco-friendly investments. This article contributes to the conversation about sustainable development in Uzbekistan by
analyzing how green accounting could transform the country’s economy. Through a thorough review of current literature
and practical studies, the article highlights both the theory and practice of implementing green accounting in Uzbekistan. It
also offers recommendations for overcoming challenges and maximizing opportunities for sustainable economic growth.
References
1. 1.Bennett, M., James, P., & Inderjit, S. (2018). Sustainability Accounting: Theory and Practice. Green Press.
2. 2.Askarov, A. (2022). Barriers to Implementing Green Accounting in Uzbekistan: Challenges and Solutions. Journal of
Environmental Accounting, 15(3), 45-60.
3. 3.Javlonov, B. (2023). International Cooperation in Green Accounting: Lessons for Uzbekistan. Environmental Policy
Review, 29(2), 78-89.
4. 4.Karimova, N., & Tashkentov, R. (2022). Integrating Environmental Costs into National Accounting: A Case Study of
Uzbekistan. Asian Journal of Environmental Studies, 11(1), 15-30.
5. 5. IFRS Foundation. 2022. IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information.
International Financial Reporting Standards. Accessed October 10, 2024. https://www.ifrs.org.
6. 6.IFRS Foundation. 2022. IFRS S2: Climate-related Disclosures. International Financial Reporting Standards.
Accessed October 10, 2024. https://www.ifrs.org
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