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T0138


Prospects for the development of renewable energy in Uzbekistan  
Author:
Surayyo Kushbakova (The University of World Economy and Diplomacy)
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Format:
Individual paper
Theme:
Economics

Abstract:

Current research assesses the targets, potential, and capacity of renewable energy resources in Uzbekistan. Among the Central Asian countries, Uzbekistan has the largest population, but its reserve of non-renewable energy is insufficient. Especially in the country, we can observe electricity shortages both in summer and winter. Nowadays, renewable energy plays a vital role in the modern global economy by providing affordable, soft, and inexpensive energy. Given this situation, the country needs to invest in and develop its energy sector to boost the economy, which relies on energy resources. Renewables offer opportunities for clean energy and can meet the energy demands of the population. We find that diversifying the energy sector with renewable energy solutions can address shortages and blackouts in Uzbekistan. To illustrate our analyses, we use tables, graphs, and charts sourced from reports by IRENA, the International Energy Agency, the World Bank, and official websites of international organizations. Our study is divided into three types: Target analysis: This reveals the goals related to transitioning to a green economy. Potential analysis: We compare solar, wind, and hydro energy resources. Capacity analysis: This describes the current situation regarding renewable energy in the country. After analyzing our study, we encountered issues related to developing this field. On the other hand, prospects for opportunities in renewable energy resources in Uzbekistan are gradually developing. We believe that our findings contribute to addressing the ongoing energy shortage and promoting the transition to renewable energy in Uzbekistan. Additionally, we hope to inspire other scholars to study in this field.