GREEN ECONOMY AND SUSTAINABLE PRODUCTION IN GLOBALIZATION

Keywords: green economy, globalization, global goals, sustainable development

Abstract

The paper investigates the green economy and sustainable production, in the context of the implementation of the Global Sustainable Development Goals until 2030. It is determined that the concept of "green economy" should be understood as an innovative and strategic way of development of the global, national and regional economy, where its main priorities are the achievement of environmental and social effects aimed at ensuring sustainable economic growth. It has been established that a real transition to a green economy is possible only under the condition of sustainable development of all branches of industry and saturation of both production and consumption with green technologies. It is determined that in a green economy, income and employment growth must be driven by public and private investments that reduce carbon emissions and pollution, increase the efficiency of energy and resource use, and prevent the loss of biodiversity and ecosystem services. It was found that the capitalization of the green economy market marked a significant decline in 2022 against the background of a general decline in the global stock market, however, during the first half of 2023, it quickly recovered, reaching 6.5 trillion. USD, which is 9.2% of the total market. It was found that the issuance of green, social bonds related to sustainable development in 2022 decreased by 15% to 899 billion dollars. USA with a record 1.05 trillion dollars. USA in 2021. It was established that among the most financed UN Sustainable Development Goals (hereinafter - SDGs) in 2022, SDGs related to environmental projects dominated: 7 (Affordable and clean energy), 11 (Sustainable development of cities and communities) and 13 (Mitigation) effects of climate change), which account for 48% of funded SDGs, compared to 46% in 2021. According to the Green Future Index in 2023, Iceland, Finland and Norway were found to be the countries most ready for a low-carbon future. As a result of the general analysis of environmental indicators of Ukraine for 2021-2023, certain improvements in the field of sustainable development were determined. It was found that the positive growth of the green future index in 2023 indicates that Ukraine is paying attention to the development of a sustainable environmental policy, which may affect the growth of the economy in the future.

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Published
2024-01-30
How to Cite
Horbach , L., Ruban, O., & Humeniuk, Y. (2024). GREEN ECONOMY AND SUSTAINABLE PRODUCTION IN GLOBALIZATION. Economy and Society, (59). https://doi.org/10.32782/2524-0072/2024-59-8
Section
ECONOMICS