Analysis of Alternative Energy Efficiency in the Economy of Uzbekistan

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INTERNATIONAL JOURNAL ON ECONOMICS, FINANCE AND SUSTAINABLE DEVELOPMENT Available online at www.researchparks.org

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Analysis of Alternative Energy Efficiency in the Economy of Uzbekistan

Kodirov Bahodir Tursunovich Assistant of the Chair of Socio-Economic Sciences, Andijan institute of economics and construction

ABSTRACT This article discusses the importance of the production of renewable alternative energy resources in our society. It is reported that Uzbekistan has unlimited opportunities for the production of solar and wind electricity, the needs for foreign and domestic investment in its production, and therefore the construction of RER (Renewable energy sources) production stations in the regions. In this regard, hydrogen, which is an environmentally friendly fuel, is also important. At a time when 50-60% of the energy produced in the energy system in developed countries is due to renewable energy sources, the fact that this figure is less than 5% in Uzbekistan means that this issue is extremely relevant.

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Article history: Received 20 Apr 2022 Received in revised form 20 May 2022 Accepted 25 Jun 2022

Keywords: Alternative, renewable, eco-friendly fuel energy, renewable energy sources, solar photovoltaic power plants, wind energy, hydrogen fuel, Foreign investment, GW MW KW/h.

Introduction. Reducing the consumption of energy resources in our national economy, the widespread introduction of energy-saving technologies for production, expanding the use of renewable energy sources is an urgent issue. Energy efficiency serves the rational use of energy resources in economic sectors, increasing labor productivity and improving the welfare of the population. Our national economy is one of the most developed countries in the world in terms of energy and carbon capacity. The energy consumption per unit of GDP in the world is 0.170 kg.i.e. in 2000-2020. and 0.149 kg.i.e. Although this figure has decreased to 0.689 kg.i.e. in Uzbekistan during the period

Copyright (c) 2022 Author (s). This is an open-access article distributed under the terms of Creative Commons Attribution License (CC BY).To view a copy of this license, visit https://creativecommons.org/licenses/by/4.0/

E-mail address: info@researchparks.org Peer review under responsibility of Emil Kaburuan. . Hosting by Research Parks All rights reserved.


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