OPPORTUNITIES FOR DEVELOPING SMALL BUSINESSES WITHIN THE FRAMEWORK OF A GREEN ECONOMY IN UZBEKISTAN

Abstract

Abstract: The transition toward a green economy represents a fundamental paradigm shift in global economic policy and business practice. For developing countries such as Uzbekistan, where small and medium-sized enterprises (SMEs) account for more than half of GDP and play a vital role in job creation, integrating green principles into small-business development is crucial for achieving sustainable growth. This paper explores the opportunities and challenges associated with promoting small businesses within the framework of a green economy in Uzbekistan. Using a review of current literature, government strategies, and reports from international organizations such as the World Bank, OECD, UNEP, and GGGI, the study identifies key mechanisms that can foster ecological innovation, enhance competitiveness, and ensure long-term environmental resilience. The results suggest that a supportive policy environment, green finance instruments, and capacity-building initiatives are essential to enable SMEs to participate effectively in the country’s green transition.