European Journal of Economics, Finance and Business Development

FINANCING PROJECTS RELATED TO THE CREATION OF RENEWABLE ENERGY SOURCES

Shaislamova Nargiza Kabilovna

Associate Professor of the Department “Valuation and Investments”, PhD TSUE

Sabirova Lola Shavkatovna

Professor of the Department “Valuation and Investments”, PhD TSUE

Keywords: renewable energy sources, traditional energy sources, energy security, solar energy, wind energy, geothermal energy, biofuel, power units, hydroelectric power plants, “green” economy.

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Abstract

The article examines the problems and presents proposals for achieving energy security and sustainable development as a key priority for all countries of the world community. The article examines the main trends in the development of renewable energy sources in the world and in Uzbekistan, and also highlights the economic aspects of using clean energy. According to the author, in the context of global climate change and depletion of natural resources, taking into account Uzbekistan's energy dependence on supplies of extracted energy, the transition to renewable energy sources (solar and wind) will help reduce this dependence and ensure a sustainable energy future for the country, while reducing the negative impact on the environment.