NEW CONCEPTUAL APPROACHES IN UNDERSTANDING THE "GREEN" STATE MODEL: CENTRAL ASIAN CASE

This research analyzes the state of the ‘green’ economy in Uzbekistan in comparison with Kazakhstan, Kyrgyz Republic, Tajikistan and Turkmenistan, focusing on the descriptive analysis of the situation within the last 20-30 years. The core element of the research is the analysis of the Random Effects model (Panel Data analysis). There are various types of models to analyze panel data. For this research, the choice was made between Fixed Effects and Random Effects models using the Haussmann test. One area of the green economy is to minimization of the greenhouse gas (GHG) emissions. The researcher attempts to connect GHG emission (total) with various ESG (Environment, social and government) factors across Central Asian (CA) countries within the last 30 years. As the CA countries are post-soviet countries, they have about 30 years of independent economic activity, thus for comparison purposes Denmark is also added partly to the research. During the research, the Environmental Kuznets Curve (EKC) will be used to model the equation, thus will be proved by graphics and the REM model. The research used data from various sources, such as the Eurostat, the OECD (Organization of Economic Cooperation and Development), the United Nations, and the Uzbekistan National Statistics Committee.

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