Khalilov Sherzod Akhmatovich,
PhD., Associate Professor of Accounting Department
Tashkent Institute of Finance, Tashkent, Uzbekistan
Email: halilov86@gmail.com,
ORCID: 0000-0002-6230-5278
Abstract. This paper explores the critical necessity of enhancing green accounting practices in Uzbekistan, drawing insights from the experiences of developed countries. Green accounting, an evolving approach emphasizing environmental costs and assets, is pivotal for sustainable economic growth. Uzbekistan, amidst its developmental trajectory, faces significant environmental challenges, necessitating a shift towards more eco-conscious economic policies and practices. The paper begins by outlining the current state of environmental accounting in Uzbekistan, identifying gaps and inefficiencies in the system. It then delves into an analysis of methodologies adopted in developed countries, showcasing how these practices effectively integrate environmental costs into national accounts, thereby aiding in sustainable decision-making. Comparative analysis highlights the successes and challenges faced by these nations, providing a nuanced understanding of the potential adaptations for Uzbekistan. The paper argues that adopting a more sophisticated green accounting system, modeled on successful practices from developed nations, is crucial for Uzbekistan. This adoption will not only align the country with global sustainability goals but also ensure long-term economic resilience and environmental stewardship. It further discusses the policy implications, capacity building, and technological investments required to facilitate this transition. The conclusion emphasizes the urgency of this endeavor, arguing that the improvement of green accounting in Uzbekistan is not merely an environmental imperative but a strategic economic necessity, pivotal for the nation’s sustainable growth and alignment with global environmental standards.
Keywords: green accounting, environment, sustainability, developed countries