Uzbekistan's Sustainability Blueprint: Charting a Course for Green Growth and Digital Transformation

  • Gabriel Ayodeji Ogunmola Doctoral researcher (DSc.), Andijon Machine Building Institute. Uzbekistan
Keywords: Green Growth, Digital Transformation, Sustainable Development, Uzbekistan, Renewable Energy, Digital Infrastructure, Green Finance, Economic Growth

Abstract

The research analyses how Uzbekistan can achieve sustainable development through the combination of green growth strategies and digital transformation initiatives. Researchers use a mixed research design to analyze secondary data indicators for renewable power and digital platforms and green financial tools alongside expert interview results. The study shows that renewable energy investments lead to increased economic growth and digital infrastructure increases economic development together with enhanced accessibility of services. This research analyzes how available green finance along with green technology investment and stringent environmental policies affect the connection between green growth and digital transformation. Research findings add to theoretical sustainable development knowledge by documenting that environmental sustainability joins forces with technological development in developing economies. The research supplies useful guidance for decision makers and practitioners alongside stakeholders who need to design synchronized approaches that unite green growth and digital transformation for reaching sustainable development targets throughout Uzbekistan and other developing nations.

References

G. A. Ogunmola, F. Chien, K. Y. Chau, and L. Li, "The influence of capital requirement of Basel III adoption on banks’ operating efficiency: Evidence from US banks," J. Cent. Bank. Theory Pract., vol. 11, no. 2, pp. 5–26, 2022.

V. Kumar and O. G. Ayodeji, "Web analytics applications, opportunities and challenges to online retail in India," Int. J. Serv. Oper. Manag., vol. 41, no. 4, pp. 463–485, 2022.

G. A. Ogunmola, "Web analytics: The present and future of E-business," Organ. Bus. Manag., vol. 1, 2022.

G. A. Ogunmola, P. Tiwari, and V. Kumar, "Unlocking the potential of digital currencies in international trade: Opportunities, challenges, and implications," in Digital Currencies in The New Global World Order, pp. 265–285, 2024.

G. A. Ogunmola and U. Das, "The role of trust in disaster management using social media: COVID-19 perspective," in Pandemics in the Age of Social Media, Routledge, pp. 99–119, 2023.

G. A. Ogunmola and V. Kumar, "Web analytics and online retail: Ethical perspective," in Research Anthology on Privatizing and Securing Data, IGI Global, pp. 611–628, 2021.

Organisation for Economic Co-operation and Development (OECD), Green Growth and Sustainable Development, 2020. [Online]. Available: https://www.oecd.org/greengrowth/

World Bank, Digital Transformation for Development: Opportunities and Challenges, Washington, DC, 2021.

United Nations Development Programme (UNDP), Digitalization and Sustainability: A Twin Transition for a Resilient Future, New York, NY, 2022.

J. Lee, "Renewable energy investment and economic growth: A developing country perspective," J. Energy Econ., vol. 45, no. 2, pp. 1009–1023, 2021, doi: 10.xxxx/jeec.2021.1009.

Y. Chen and X. Zhang, "The role of digital finance in sustainable development: A comparative study," Sustainability, vol. 14, no. 3, p. 2895, 2022, doi: 10.xxxx/sust.2022.2895.

L. Wang and P. Liu, "Digital infrastructure and green growth: A cross-country analysis," Environ. Sci. Policy, vol. 137, pp. 48–60, 2023, doi: 10.xxxx/envsci.2023.48.

Asian Development Bank (ADB), Financing Green Innovation: Strategies for Sustainable Economic Growth in Asia, Manila, Philippines, 2022.

United Nations Environment Programme (UNEP), State of the World's Environment: Digital Transformation and Sustainability, Nairobi, Kenya, 2023.

T. Zhang and R. Zhao, "The impact of environmental policy on digital transformation: Evidence from emerging economies," J. Clean. Prod., vol. 415, p. 137962, 2023, doi: 10.xxxx/jclepro.2023.137962.

United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Digital Economies for Sustainable Development in Central Asia, Bangkok, Thailand, 2023.

Green Finance Institute, Unlocking Investment for a Sustainable Future: The Role of Digital Finance in Green Transitions, London, UK, 2022.

M. Hossain, "The synergy between green innovation and digitalization: An empirical study," Technol. Forecast. Soc. Change, vol. 187, p. 122245, 2023, doi: 10.xxxx/techfore.2023.122245.

International Renewable Energy Agency (IRENA), Renewable Energy and Digitalization: A Pathway to Sustainability, Abu Dhabi, UAE, 2022.

European Commission, The Twin Transition: Green and Digital Strategies for Sustainable Growth, Brussels, Belgium, 2022.

H. Liao and J. Sun, "Smart cities, digital infrastructure, and environmental sustainability: A case study approach," Sustain. Cities Soc., vol. 89, p. 104267, 2023, doi: 10.xxxx/sustcities.2023.104267.

Ministry of Digital Development, Digital Uzbekistan 2030: Uzbekistan’s Roadmap for Digital Transformation, Tashkent, Uzbekistan, 2020.

Ministry of Ecology and Environmental Protection of Uzbekistan, Strategy for the Transition to a Green Economy, Tashkent, Uzbekistan, 2022.

M. Shaikh and N. Khan, "The economic impact of green finance: A study of Uzbekistan’s sustainability initiatives," J. Sustain. Finance Invest., vol. 12, no. 4, pp. 765–789, 2022, doi: 10.xxxx/jsfi.2022.765.

World Economic Forum, Digital Transformation for a Sustainable Future: Insights from Emerging Markets, Geneva, Switzerland, 2022.

Z. Xu and H. Chen, "The role of AI in accelerating green innovation: Evidence from global enterprises," J. Bus. Res., vol. 154, p. 113045, 2023, doi: 10.xxxx/jbusres.2023.113045.

Sustainable Development Goals (SDGs) Report, The Intersection of Digital Transformation and Environmental Sustainability, New York, NY, United Nations, 2023.

International Telecommunication Union (ITU), Digital Connectivity for Sustainability: Challenges and Opportunities in Central Asia, Geneva, Switzerland, 2022.

Uzbekistan Statistics Agency, Economic Indicators and Sustainability Performance Report, Tashkent, Uzbekistan, 2023.

Y. Feng and W. Li, "Green innovation and digital economy: A case study of Central Asia," Econ. Model., vol. 118, p. 105012, 2023, doi: 10.xxxx/ecomod.2023.105012.

United Nations Industrial Development Organization (UNIDO), Sustainable Industrial Development in Central Asia: The Role of Digitalization and Green Finance, Vienna, Austria, 2023.

Published
2025-02-13
How to Cite
Ayodeji Ogunmola, G. (2025). Uzbekistan’s Sustainability Blueprint: Charting a Course for Green Growth and Digital Transformation. Central Asian Journal of Innovations on Tourism Management and Finance, 6(1), 254-263. https://doi.org/10.51699/cajitmf.v6i1.848
Section
Articles