Expanding the Scope of Green Banking Services in Uzbekistan: Based on International Experience

Climate change, as one of the most pressing global challenges, increasingly requires coordinated action across different sectors of the economy. The banking sector also plays an important role in supporting environmentally responsible development by promoting sustainable investment, financing green projects, and contributing to the effective management of climate-related risks. Given that banks perform an intermediary function between economic development and environmental protection, the introduction and expansion of green banking products and services are becoming increasingly significant. In this context, studying green banking products, assessing their economic and environmental importance, expanding their scope, and adapting international experience to the conditions of Uzbekistan can contribute not only to environmental sustainability but also to the diversification and expansion of banking operations. Therefore, this article analyzes the role of commercial banks operating in Uzbekistan in the transition to green banking principles, their current practical initiatives, and the opportunities for further development. Based on the analysis, practical and strategic recommendations are proposed for expanding the scope of green banking services in Uzbekistan.