THE IMPORTANCE OF INVESTMENTS IN THE FORMATION OF THE "GREEN ECONOMY" IN INDUSTRY NETWORKS

Abstract

The transition to a "green economy" necessitates significant investments across all sectors, particularly within industrial networks. This abstract examines the crucial role of these investments in fostering sustainable practices, promoting innovation, and driving economic growth. By exploring the multifaceted impact of green investments on industry networks, the abstract highlights the importance of public-private partnerships, policy incentives, and technological advancements in enabling a successful and equitable transition. Furthermore, the abstract emphasizes the need for a comprehensive framework that considers both economic and environmental objectives, ensuring that green investments contribute to a prosperous and sustainable future.

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Komolov Sadriddin Xayriddinovich. (2024). THE IMPORTANCE OF INVESTMENTS IN THE FORMATION OF THE "GREEN ECONOMY" IN INDUSTRY NETWORKS. International Journal Of Management And Economics Fundamental, 4(06), 45–49. https://doi.org/10.37547/ijmef/Volume04Issue06-07
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Abstract

The transition to a "green economy" necessitates significant investments across all sectors, particularly within industrial networks. This abstract examines the crucial role of these investments in fostering sustainable practices, promoting innovation, and driving economic growth. By exploring the multifaceted impact of green investments on industry networks, the abstract highlights the importance of public-private partnerships, policy incentives, and technological advancements in enabling a successful and equitable transition. Furthermore, the abstract emphasizes the need for a comprehensive framework that considers both economic and environmental objectives, ensuring that green investments contribute to a prosperous and sustainable future.


background image

Volume 04 Issue 06-2024

45


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

06

P

AGES

:

45-49

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

ABSTRACT

The transition to a "green economy" necessitates significant investments across all sectors, particularly within

industrial networks. This abstract examines the crucial role of these investments in fostering sustainable practices,

promoting innovation, and driving economic growth. By exploring the multifaceted impact of green investments on

industry networks, the abstract highlights the importance of public-private partnerships, policy incentives, and

technological advancements in enabling a successful and equitable transition. Furthermore, the abstract emphasizes

the need for a comprehensive framework that considers both economic and environmental objectives, ensuring that

green investments contribute to a prosperous and sustainable future.

KEYWORDS

Green economy, Industry networks, Investments, Sustainability, Innovation, Public-private partnerships, Policy

incentives, Technological advancements, Economic growth.

INTRODUCTION

In the process of globalization of the economy, it can

be seen from the practical experience of the countries

of the world that the economic development of any

country and its economic entities is mainly based on

Research Article

THE IMPORTANCE OF INVESTMENTS IN THE FORMATION OF THE
"GREEN ECONOMY" IN INDUSTRY NETWORKS

Submission Date:

June 17, 2024,

Accepted Date:

June 22, 2024,

Published Date:

June 27, 2024

Crossref doi:

https://doi.org/10.37547/ijmef/Volume04Issue06-07


Komolov Sadriddin Xayriddinovich

Doctoral student at Tashkent State Technical University, Uzbekistan

Journal

Website:

https://theusajournals.
com/index.php/ijmef

Copyright:

Original

content from this work
may be used under the
terms of the creative
commons

attributes

4.0 licence.


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Volume 04 Issue 06-2024

46


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

06

P

AGES

:

45-49

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

innovation. Investment serves as the main factor in the

modernization of the economy, in the improvement of

the material and technical base, in the field of

production. Due to this, the investment is of great

importance in the formation of the "green economy".

According to data, by the end of our century, due to

climate change, the world's gross domestic product

may suffer 20 percent economic damage. The Central

Asian region is particularly prone to negative effects

related to the procedure. Therefore, it is extremely

important for the Central Asian countries to find

complex solutions in mutual cooperation against the

global threat. [2].

"Green economy" is the economy of tomorrow and it

should be the driving force of economic development

of the 21st century. The theory of green economy is

based on the following three axioms: - the sphere of

influence cannot be continuously expanded in a limited

space; - in conditions of limited resources, it is

impossible to demand the satisfaction of continuously

increasing needs; - Everything on the surface of the

earth is connected with each other. [3].

Green economy" - preserving the ecology of our

planet. is a future economy of a new model based on

the development of production and service sectors

based

on

knowledge

and

resource-efficient

technologies [4] .

According to the recommendation of the United

Nations, countries should allocate at least 1% of their

gross domestic product to the development of the

"green economy". While this indicator does not exceed

1% in the USA, Sweden, Italy and other economically

developed countries, it is 3% in Korea. [2].

Work on the development of the "green economy" in

Uzbekistan began in 2020. In 2019, the "Strategy of the

transition to a green economy of the Republic of

Uzbekistan in 2019-2030" was approved. This strategy

envisages reducing greenhouse gas emissions in the

country by increasing energy efficiency, expanding the

use of renewable energy sources, increasing resource

efficiency and crop productivity, and reducing land

degradation [1].

The formation of the "green economy in industrial

sectors" and the importance of its investments will

lead to variations, but in general it can have the

following main points:

Green technologies and processes: the use of green

technologies in the formation of a green economy in

industrial sectors, green energy (use of wind, wind,

water and other new energy sources), reform,

automation and convergence of warehouse systems,

production of simple materials and production

processes, self- innovative approaches such as

production from self-constructing materials are of

great importance.

Energy efficiency: New investments in industries

should focus on improving energy efficiency. This can

be done by reducing energy waste, reducing operating

costs and supporting energy sources.


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Volume 04 Issue 06-2024

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International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

06

P

AGES

:

45-49

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

No Problem Income: In the process of driving large

profits in industries, no problem income is a key part of

the green economy. These issues may include the

environment, water resources, environmental pricing,

and corporate incentives.

Multilateral cooperation: Multilateral cooperation, as

well as consultation and participation among

enterprises,

government

and

local

public

organizations, is always important in the formation of

a green economy in industrial sectors. This includes

expanding markets for green revenues in collaboration

with other sectors, for example through the

implementation of green initiatives and the use of

green certification.

Adoption: Investments in the green economy in

industrial sectors must be adopted. These should be

indicators that allow setting, monitoring and

evaluation of results, strategic consequences and

reference to the state's policy. Investments to improve

and strengthen these appropriation processes are

important for the better formation of the green

economy.

Green investments have a wide-ranging impact and

change in the industrial sector. These changes will alter

the environmental impact, financial efficiency and

utility of social users of industries. Some of the changes

can be seen in the following screenshots:

Improving energy efficiency: Green investments help

to improve energy efficiency in the industrial sector.

For example, energy efficiency investments can

improve energy consumption and efficiency by

introducing various technologies and processes in

energy generation, heating, and soap optimization

processes.

Addressing Environmental Issues: Investments aimed

at addressing environmental issues surrounding green

investments

include

offsetting

hazardous

environmental issues caused by industrial toxins, water

and air pollution, and improving treatment and

containment systems.

Integrating industrial systems: Green investments

ensure the reduction or utilization of wasteful and

impactful material resources around them by

integrating and optimizing industrial systems. This

provides it with financial performance and other

important benchmarks in the public and enterprise

sectors.

Environmental innovation and technology: Green

investments bring environmental innovation and

technology in industry. These innovations help to

transform an industry into an ecological one by

introducing new environmentally friendly materials,

production methods, and variables.

Social development and empowerment of difference:

Green investments also deal with the social and

problematic aspects of industries. These investments

are focused on ecological production and the

establishment of green industrial systems, helping to

strengthen the strong social difference.


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Volume 04 Issue 06-2024

48


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

06

P

AGES

:

45-49

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

In these ways, green investments can transform the

way an industry operates in environmental, economic,

and social ways. These changes are important for

sustainability and environmental protection in the

industry, as well as for ensuring quality production in

the industry and providing better performance to

social users.

It explains the importance of making the right

investments in the economy of investment in industrial

enterprises, increasing the capital of the enterprise,

producing good quality products, introducing

innovations, optimizing production processes and

attracting financial resources to enter new markets.

These investments are no different from investments

in other sectors because they are based on industrial

enterprise, production methods and innovations.

Investment economics in industrial enterprises can

consist of the following important points:

1.Capital Investments: The most common investments

for an industrial enterprise are related to the growth of

the enterprise's capital or the funds allocated for the

acquisition of equipment needed for new orders.

Capital investment is the only way to grow an

enterprise, which includes acquiring new equipment,

entering a foreign market, or developing production

systems to meet consumer demands.

2. Technological investments: It is important to invest

in new technologies to provide good quality services

and develop products of an industrial enterprise. This

includes acquisition of new equipment, automation,

computerization, and automation. With the help of

technological investments, the enterprise ensures

efficient, fast and high-quality product production.

3. Incentives and programs: The investment economy

in industrial enterprises requires the identification of

initial opportunities at the first step, the introduction

of innovations in the latest industrial sectors and the

provision of effective enterprise production processes.

As a means of securing these investments,

government programs and incentives may be

available. These programs include financial support

and discounts for enterprises, as well as incentives for

the development and implementation of new

innovations.

4. Economically supporting change: In industrial

enterprises, the investment economy is important in

providing change. Green investments used to increase

the competence of industrial enterprises, optimize

production processes and increase product safety,

energy efficiency and investments aimed at preserving

and improving the environment are important,

including in order to prepare the industrial sector for

environmental changes.

Investment economy in industrial enterprises helps to

increase the capital of the enterprise, to produce

products and services of good quality, and to introduce

the enterprise to innovations. These investments play

an important role in the development of the industrial

sector, ensuring economic growth and ensuring the

wealth and prosperity of society.


background image

Volume 04 Issue 06-2024

49


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

06

P

AGES

:

45-49

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

REFERENCES

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2019-2030

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zbekiston

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yashil

iqtisodiyotga o

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g

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risida. O

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zbekiston

Respublikasi Prezidentining 2019 yil 4 oktabrdagi

PQ-4477-son karori.//Lex.Uz.

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S.N.

“Barqaror

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Multidisciplinary

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References

-2030 yillar davrida Oʻzbekiston Respublikasining “yashil” iqtisodiyotga oʻtish strategiyasini tasdiklash toʻgʻrisida. Oʻzbekiston Respublikasi Prezidentining 2019 yil 4 oktabrdagi PQ-4477-son karori.//Lex.Uz.

Anʻanaviy iqtisodiyotdan “yashil oʻsish sari”. www.yuz.uz

Isadjanov A.A. “Yashil iqtisodiyot xususiyatlari va rivojlanish omilari./ Iqtisodiyot va taʻlim.2020 № 1.

Xashimova S.N. “Barqaror rivojlanishni taʻminlashda yashil iqtisodiyotning ahamiyati”. Innovative Development in Educational Activities ISSN: 2181-3523 VOLUME 2 | ISSUE 19 | 2023. https://t.me/openidea_uz Multidisciplinary Scientific Journal October, 2023. 58-62 bet.