THE MAIN DIRECTIONS OF THE “EUROPEAN GREEN DEAL” AND ITS FINANCIAL ASPECTS
DOI:
https://doi.org/10.5281/zenodo.14779712Keywords:
Green Deal, EU, energy transition, renewable energy sources, innovation and digitalization, decarbonization.Abstract
The European Union is striving to become a global climate power. Following the adoption of the Green Deal, achieving climate neutrality by 2050 has become the motto, goal and pillar of its foreign policy. The internationalization of the Green Deal is planned through a system of foreign policy instruments, including financial instruments, trade policy, border adjustment mechanism, agreements with third countries, development assistance, promotion of EU regulation and standards through cooperation within multilateral institutions, and the construction of a global climate governance system. Currently, regulatory documents and proposals in key areas have been formulated, discussions on the format are ongoing and implementation plans are being developed. In this regard, the analysis of EU initiatives to internationalize the goals of green transformation and the identification of risks and opportunities for cooperation between Uzbekistan and the EU associated with their implementation are relevant. Attention will also be paid to the use of financial and non-financial mechanisms to support the “green” economy and green financing instruments, as well as the process of using the experience of European Union countries in Uzbekistan’s transition to a green economy.
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