https://ijmri.de/index.php/jmsi
volume 4, issue 3, 2025
213
THE IMPORTANCE OF HUMAN CAPITAL IN THE GREEN ECONOMY
Pardayev Mamayunus Qarshiboyevich
Professor, Doctor of Economic Sciences,
Samarkand Institute of Economics and Service
Burxonov Bekzod Saydazim ugli
1st-year Master's student, Samarkand
Institute of Economics and Service
Abstract:
This article discusses the importance of human capital in the "green economy,"
including its definition and significance. One of the major global issues in recent years is climate
change. The main causes of this problem are environmental pollution, the insufficient
implementation of the "green economy" system, and people's neglectful attitude toward nature.
The article also addresses the measures to be taken to strengthen the role of human capital in the
green economy.
Keywords:
Green economy, human capital, resource, need, environment, utilization, technology,
method, knowledge, energy, nature, economy.
In recent years, the term green economy has become increasingly common. But what exactly is a
green economy? Since when has this term been in use? What is its significance in people’s lives?
This article seeks to answer these and similar questions. The concept of a green economy is
based on the harmony of environmental sustainability, social justice, and economic growth. This
economic model emphasizes the conservation of natural resources, the protection of the
environment, and the use of renewable energy sources. Human capital plays a crucial role in the
successful development of the green economy. Human capital is a resource that encompasses a
society’s knowledge, skills, health, and innovative potential, and its importance in the green
economy is immense. In systems characterized by a green economy, human capital occupies a
vital place and is considered a primary driving force. Knowledge and professional skills are
among the key factors for the successful development of a green economy. To develop
innovative technologies and new ecological solutions, there is a need for qualified professionals
with expertise in science and technology. For example, in fields such as the production of
renewable energy sources, improvement of energy efficiency, and waste recycling, new
technologies created by experts make a significant contribution to the growth of the green
economy. At the same time, human capital must accumulate the knowledge necessary to improve
the economy ecologically and be able to use this knowledge effectively.
One of the main directions of the green economy is environmental protection and the sustainable
use of natural resources. Through human capital, it is possible to raise public awareness of
environmental issues and foster ecological consciousness. This, in turn, ensures active public
participation in decision-making related to the green economy. For instance, widespread public
awareness campaigns on energy saving and waste reduction can lead to changes in people’s
ecological behavior. Through human capital, individuals gain the ability to manage their lives,
work, and consumption from an environmental perspective. One of the key aspects of human
capital is health. The green economy aims to create a healthy and safe environment, while also
improving the overall well-being of the population. A healthy lifestyle, clean air, and the
consumption of ecologically safe food products contribute to enhancing people’s productivity.
Many sectors of the green economy such as sustainable transportation systems, food production,
https://ijmri.de/index.php/jmsi
volume 4, issue 3, 2025
214
and organic agriculture, play a significant role in improving human health.
The green economy provides opportunities for developing new technologies and creating new
jobs based on them. Human capital is an inseparable part of this process, as skilled and capable
workers are essential for generating innovations. For instance, many jobs are being created in the
development of renewable energy technologies and the production of new environmentally
friendly construction materials. These new employment opportunities not only ensure economic
growth but also contribute to social stability. In our country as well, extensive efforts have been
made in recent years to develop the green economy and implement it widely in practice. In
particular, measures are being taken to ensure the implementation of the Presidential Decree of
the Republic of Uzbekistan “On measures to enhance the effectiveness of reforms aimed at
transitioning to a green economy in the Republic of Uzbekistan by 2030,” dated December 2,
2022 (Decree No. PQ-436). Moreover, to expand the attraction of private capital for green
infrastructure, and to introduce classification criteria for green activities aimed at developing
financial instruments in green economy sectors, a decision was adopted by the Cabinet of
Ministers. This decision has become one of the important steps for the protection of the
environment and the sustainable development of our future.
The green economy is an economic system whose primary goal is to preserve the planet's
ecology while simultaneously promoting the development of all sectors of the economy. Thus,
the green economy refers to a new direction of economic activity aimed at advancing production
and service sectors, while conserving the resources necessary for human life and health, as well
as the environment and ecological balance as a whole. According to the Green Growth Index,
countries such as Sweden, Denmark, the Czech Republic, and Germany possess the highest
levels of “green” growth. On the lower end of the index are African nations such as Zimbabwe,
Algeria, Nigeria, and Niger. Among CIS countries, Georgia shows strong performance in the
rankings, and within Central Asia, Kyrgyzstan has recorded high indicators. Uzbekistan holds
the 33rd position among Asian countries.
The primary objective of the green economy is to ensure continued
economic growth through environmental sustainability. With the support of human capital,
society can develop and implement new strategies related to the green economy. This process not
only enhances environmental efficiency but also helps to ensure uninterrupted economic growth.
Growth achieved through the green economy promotes long-term social, environmental, and
economic well-being.
The main objectives of transitioning the Republic of Uzbekistan to a green economy are as
follows:
-
Enhancing the energy efficiency of the economy and ensuring the rational use of natural
resources through technological modernization and the development of financial mechanisms;
-
Integrating green criteria based on advanced international standards into the priority areas
of public investments and expenditures;
-
Supporting the implementation of pilot projects in the field of green economy by
developing state incentive mechanisms, promoting public-private partnerships, and strengthening
cooperation with international financial institutions;
-
Promoting investments in education and developing a system for training and retraining
personnel in line with labor market requirements under green economy conditions, through
partnerships with leading foreign educational institutions and research centers.
-
Taking measures to mitigate the negative impact of the ecological crisis on the Aral Sea.
The analysis conducted shows that, at present, the necessity of transitioning to a green economy
in Uzbekistan is strongly supported by both economic and social foundations. The main
strategies for transitioning the country to a green economy should be implemented in the
following key areas:
-
Introducing renewable energy sources;
1
The decision of the Cabinet of Ministers of the Republic of Uzbekistan, No. 561, dated October 25, 2023.
2
file:///C:/Users/Admin/Downloads/Xaydarov+Baxrom+Xolmuradovich1.pdf
https://ijmri.de/index.php/jmsi
volume 4, issue 3, 2025
215
-
Installing photovoltaic converters in rural areas and ensuring full electrification of remote
farming households by 2030;
-
Creating large-scale photovoltaic power stations in the energy sector;
-
Implementing solar thermal additions in boiler heating systems.
In conclusion
, human capital plays a crucial role in the green economy, as it provides the
necessary knowledge, skills, and innovative potential to ensure environmental protection,
economic growth, and social stability. Through the development of human capital, the successful
and sustainable development of the green economy can be achieved. Based on this idea,
important decisions and conventions should be adopted not only at the national level but also at
the international level.
References:
1.
Vakhobov A. V., Khajibakayev Sh. Kh.: "Green Economy" textbook
2.
Decree of the President of the Republic of Uzbekistan dated October 4, 2019, "On the
approval of the strategy for transitioning to a green economy" https://лех.уз/доcс/-4539502#-
4542614
3.
Ulmasov A., Vakhobov A. V., "Theory of Economics"
4.
Information from the Ministry of Economy and Finance of the Republic of Uzbekistan
5.
- Official website of the United Nations Environment Programme
3
