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THE ROLE OF THE GREEN ECONOMY IN ACHIEVING THE SUSTAINABLE
DEVELOPMENT GOALS
Qalbaeva Intizar Esenbay kizi
1st year master's student of the Faculty of Economics
of Karakalpak State University
EMAIL: intizarkalbaeva820@gmail.com
+998990725268
Abstract:
This article examines how green economy can be applied in all areas of sustainable
development, including agriculture, industry, transport, energy, finance, and urban planning, as
well as the possibilities of combating climate change and stimulating economic growth through
saving natural resources. It analyzes how green economy creates social and economic benefits in
achieving sustainable development goals, as well as the importance of introducing green
technologies in rural and urban areas.
Keywords:
green economy, sustainable development, ecological sustainability, green finance,
diversification, infrastructure.
Such issues as environmental problems, climate change, depletion of natural resources, and
uncertainty in energy supply are becoming increasingly important on a global scale. At the same
time, economic growth and development must be carried out without harming the environment.
The main goal of the green economy is to ensure sustainable development and harmonize
economic, social, and environmental aspects. This topic is especially important for developing
countries, as they need to implement their economic growth taking into account environmental
risks. Sustainable economic development refers to development aimed at economic growth and
progress, but this growth is carried out taking into account ecological, social, and economic
factors.
A green economy is an economic model aimed at developing environmentally friendly and
sustainable economic activity. It provides for the efficient use of natural resources, reduction of
pollution, and increase of energy efficiency. The main goal of studying this topic is to determine
the basic principles of green economy and its relationship with sustainable economic
development, the future of green economy and what strategies need to be developed to increase
demand for it.
Sustainable economic development and a green economy imply not only economic growth and
increased efficiency, but also the conservation of natural resources and the solution of
environmental problems. Many developed and developing countries, in the transition to a green
economy, pay great attention to investing in energy efficiency, renewable energy, and
environmentally friendly industries. This, in turn, leads to the creation of new jobs, achieving
economic stability, and achieving effective results in the fight against climate change.
According to R.R. Sharafullina, "Green economy is a trend that emerged at the end of the 20th
century, which emphasizes the need to reduce the negative impact of human economic activity
on the environment and in any case pays attention not to economic growth, but to sustainable
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development. The green economy concept is a model that leads to improved healthcare and
social equality, as well as a significant reduction in environmental risks and ecological deficits."
[1]
According to N.I. Ivanova, the theory of "green" economy is based on three axioms:
impossibility of unlimited expansion of the sphere of influence in a limited space;
impossibility of satisfying unlimitedly growing needs under conditions of limited resources;
everything on earth is interconnected.[2]
The concept of sustainable economic development was developed by the Brundtland
Commission in 1987, and this concept encompasses social, economic, and ecological balance.
Brundtland, G. (1987) in Our Common Future emphasizes the need for sustainable development
to be understood on a global scale.
According to him, sustainable development requires not only meeting today's needs but also
considering the needs of future generations. This, in turn, strengthens the importance of the green
economy in development.
Sachs, J.D. (2015) in her work "The Age of Sustainable Development" deeply analyzed the
interdependence of green economy and sustainable development. It emphasizes the important
role of the green economy in the development of economic activity aimed at preserving the
environment, paying special attention to the use of renewable energy sources in this process,
reducing emissions and carbon footprint. The development of a green economy can be an
effective tool for ensuring social stability and combating climate change.
In a green economy, energy efficiency and the transition to renewable energy sources are the
main factors of sustainable development. Stern, N. (2006) in "The Stern Review: The Economics
of Climate Change" notes the need for energy efficiency and transition to clean energy sources
by economic implementers to stop climate change. According to Stern's analysis, the transition to
a green economy may require high costs in the short term, but in the long term, it has a
significant positive impact on economic growth and social well-being.
The connection between the green economy and sustainable economic development has in recent
years begun to play an important role not only in reducing environmental risks, but also in
ensuring economic stability.
To assess the impact of the green economy on economic growth, it is necessary to analyze its
positive and negative aspects.
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Positive aspects:
Negative aspects:
Green technologies and
innovations:
The green
economy contributes to
the
development
of
innovations, creates new
technologies, and makes
industry competitive. For
example,
the
development
of
renewable
energy
technologies will make
industry environmentally
friendly
and
ensure
economic growth.
High initial costs:
The
transition to a green
economy often requires
high initial costs. For
example, the processes of
installing
renewable
energy
sources,
developing
and
implementing
environmental
technologies can reduce
economic efficiency in
the short term.
Creating Green Jobs:
The transition to a green
economy creates new
jobs. This will be linked
to energy efficiency,
renewable
energy
production,
and
investment
in
the
environmental industry.
Infrastructure
and
technological
limitations:
The
development
of
infrastructure
and
technologies necessary
for the transition to
green technologies can
lead to difficulties in
some
developing
countries.
Green
economic
diversification:
that is,
sustainable development
through the division of
the economic system into
various sectors
Sustainable development is understood as an approach aimed at harmonizing the ecological,
social, and economic aspects of economic growth and development. This concept was developed
by the Brundtland Commission in 1987 and aims to reduce environmental risks, ensure social
equality, and continue economic growth.
Sustainable economic development and a green economy are approaches that open up important
prospects for societies. Their implementation will provide opportunities to solve environmental
problems, continue economic growth, and create new jobs.
List of used literature
1. Sharafullina R.R. - "THE ROLE OF THE GREEN ECONOMY IN ENSURING" "Sustainable
Development" Vol. 1 No. 3 (2024): Journal of International Science Networks, 75.2024
2. Ivanova N.I., Levchenko. L.V. - "GREEN" ECONOMY: ESSENCE,
PRINCIPLES AND PROSPECTS, Bulletin of Omsk University. Series "Economics." 2017. No
2 (58), p. 20.
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3. Brundtland, G. "Our Common Future," 1987.
4. Sachs, J.D. "The Age of Sustainable Development," 2015.
5. Stern, N. (2006). "The Stern Review: The Economics of Climate Change."
