The article deals with the main activities to ensure environmentally sound sustainable development in order to conduct effective environmental policy of the state in terms of economic modernization. We analyzed the current issues of the innovation process in the fuel and energy complex of Uzbekistan-as a factor in economic and environmental development. Studies on the economic and environmental development of the industry, and analyze the factors that characterize modern economic condition of

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... e fuel and energy complex. Based on this analysis, we have determined that further development of the processes of innovation and investment in the energy sector is expedient to take investment decisions and to ensure the reproduction equipment, technical re-equipment industry, as well as identifying priority investments and technical modernization of the economic and environmental development.