Improving the Financing Mechanisms for the Ecological Sustainability of Irrigated Lands in Uzbekistan
DOI:
https://doi.org/10.51699/cajitmf.v7i2.1237Keywords:
Irrigated Lands, Ecological Sustainability, Financing Mechanisms, Green Investments, Amelioration Costs, Ecological Subsidies, Green Bonds, Public-Private Partnership (PPP)Abstract
The main objective of this research is to improve the financing mechanisms for expenditures aimed at ensuring the ecological sustainability and enhancing the ameliorative condition of irrigated lands in the Republic of Uzbekistan, based on advanced international practices. During the research process, scientific methods such as financial analysis, comparative assessment, a systemic approach, statistical observation, and econometric modeling were widely utilized to conduct an in-depth study of the current state of public expenditures, targeted subsidies, and private investments in the sector. The obtained results indicated the low efficiency of the traditional budget-dependent financing system. As a practical solution to the problem, it was proposed to establish targeted ecological funds adaptable to climate change, expand public-private partnership projects, launch the issuance of green bonds, and create a system of differentiated tax incentives for entities utilizing resource-saving innovative technologies. The significance of the study lies in the fact that the developed self-sustaining stable financial models guarantee long-term ecological security in the agricultural sector. The practical implementation of these mechanisms will directly serve to alleviate the budget burden and fundamentally increase the economic productivity of the lands.
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