Green Deal, Green Growth and Green Economy as a Means of Support for Attaining the Sustainable Development Goals

Abstract

The aim of the study is to present the concept of green economy and other notions and concepts related to it and to assess their significance for the formation of development policy and practical solution of problems of socio-economic development. In the part focusing on information and definitions, the premises for the emergence of the issue of the greening of economic processes as a new phenomenon of contemporary development have been presented, as well as various definitions of green economy, green growth, the principles of implementing green economy, and the implementation of green transformation processes. In the further part of the study, measures and indicators of green economy and green growth are presented, as well as the connection of these concepts with the idea and objectives of sustainable development. The review of green economy and green growth indicators includes indicators prepared by specialised agencies of the United Nations, UNEP, UNCTAD, UN ESCAP, UN FGG, OECD, the European Union, and the World Bank. Selected indicators of individual authors and countries have also been presented. The last part of the study presents the concept of the New European Green Deal and its link to the implementation of the Sustainable Development Goals adopted for the current decade. In conclusion, an attempt has been made to present both the expectations and opportunities of emphasising the issue of the greening of the economy, as well as the weaknesses and threats resulting from the excessive confidence in this concept.