Energy Factor as a Basis for Efficient Development of Economic Sectors
DOI:
https://doi.org/10.31150/ajebm.v7i11.3036Keywords:
Energy Efficiency, Economic Growth, Energy Access, Environmental Sustainability, Energy Infrastructure, Uzbekistan, GDP, Policy ImplicationsAbstract
This study analyses the impact of energy efficiency within the fuel and energy industry on economic growth in Uzbekistan. The primary objective is to assess the influence of sustainable energy infrastructure on GDP through enhanced resource accessibility, environmental sustainability, and energy security. This research use mathematical modelling and cross-country regression analysis utilising data from the World Economic Forum (2009-2019) to examine the relationships among the sub-indices of the energy performance index (EAPI), namely economic development, environmental sustainability, and energy availability. Notable findings indicate a strong correlation between a robust energy infrastructure and GDP growth, with the energy access sub-index showing the most significant impact. The policy implications highlight the imperative for Uzbekistan to emphasise reliable energy supply and security to promote sustained economic growth. Investing in sustainable energy sources and reducing carbon-intensive fuels is recommended to enhance economic stability and environmental health, aiding Uzbekistan's transition to a sustainable and digital economy.
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