Uzb grge policyBrief ExSum 5 20210301 at

Towards a Green Economy 
There is no unique definition of the green economy, however there is a common understanding about 
what it means — an economy that improves human well-being and social equity, while significantly 
reducing environmental risks and ecological scarcities, and aims for sustainable development without 
degrading the environment.
Unlike the traditional economy, which focuses primarily on expanding “output,” 
i.e., gross domestic product (GDP) or gross national income (GNI), the green economy promotes a triple bottom 
line of sustaining and advancing economic, environmental and social well-being. A green economy can also 
serve as a powerful vehicle to achieving the Sustainable Development Goals (SDGs ); because of the transversal 
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nature of the SDGs green economy measures can be found in targets across many goals, as illustrated below. 
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Contribution of the Green Economy to achievement of the SDGs.
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The pathway to sustainable and climate-smart economic growth, meeting the SDG targets, and achieving 
a green economy will be aided by what the World Bank has called, Uzbekistan’s unique development 
momentum
.
The Government’s vision to transform Uzbekistan into an industrialized, upper-middle-income 
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country by 2030 enjoys popular support, and difficult reforms on price liberalization, land ownership and 
The Rio+20 outcome document ‘
The Future We Want’
states: “
56. […] we consider green economy in the context of sustainable 
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development and poverty eradicaBon as one of the important tools available for achieving sustainable development and that it could 
provide opBons for policymaking but should not be a rigid set of rules. We emphasize that it should contribute to eradicaBng poverty as 
well as sustained economic growth, enhancing social inclusion, improving human welfare and creaBng opportuniBes for employment 
and decent work for all, while maintaining the healthy funcBoning of the Earth’s ecosystems.
” (Source: 
h#ps://
sustainabledevelopment.un.org/futurewewant.html
)
UNDP, 2019. Green economy and green jobs: Challenges and opportuni9es. (Source: 
h#p://bit.ly/3k8BRWH
) 
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President Shavkat Mirziyoyev’s Address to the Oliy Majlis on December 29, 2020 (
h#ps://president.uz/en/lists/view/4057
)
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agriculture have been proposed with some already in place. The predominantly inward-looking economic model 
applied until recently has been jettisoned and new policies are encouraging the integration of private businesses 
into global and regional value chains. A trend of poverty reduction reflects robust pre-COVID19 GDP growth, 
rising incomes of micro and small businesses, regular minimum wage increases, remittance inflows and the 
Government’s targeted safety net programs. On human capital, the country is positioned to reap a demographic 
dividend from its large young population by offering productive employment opportunities, encouraging 
economic initiative and innovation, and strengthening future work capabilities and digital skills. Not least, the 
country is blessed with natural capital, especially land and abundant sunshine.