THEORETICAL FRAMEWORK OF THE GREEN REGIONAL ECONOMY DOCTRINE FORMATION

This article explores the theoretical underpinnings of the green regional economy, a crucial concept within the broader framework of sustainable development, particularly in light of increasing global environmental challenges. The authors delve into the evolution of economic thought regarding the integration of environmental and economic objectives, highlighting the importance of balancing ecological sustainability with regional economic growth. The study identifies key factors and principles that underpin the green economy at the regional level, such as the efficient use of natural resources, the promotion of renewable energy, and the development of eco-friendly technologies. The article emphasizes the need to tailor global green initiatives to the specific needs and characteristics of individual regions, considering factors such as natural resource endowments, industrial structure, and socio-economic conditions. A significant focus is placed on the challenges of fostering environmentally sustainable economic development, with a particular emphasis on policy formulation that promotes ecological security and economic resilience. The article also discusses the role of green innovations, the mobilization of social capital, and regional governance in advancing the green economy. Furthermore, the authors propose a theoretical framework for the development of a green economy doctrine that incorporates key strategic initiatives, such as the transition to a circular economy, the integration of sustainability metrics into regional development plans, and the creation of green jobs. These elements are critical for fostering long-term ecological balance while ensuring economic growth and improving the quality of life at the regional level. The paper concludes with recommendations for further research and practical implementation of the green regional economy doctrine, underscoring the need for interdisciplinary approaches and collaboration between governments, businesses, and civil society to achieve sustainable development goals.

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Publication Details

Journal
Economic scope
Published
2024-09-21
DOI
https://doi.org/10.30838/ep.192.125-133
Primary Topic
Environmental Sustainability and Technology
Type
article
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article

THEORETICAL FRAMEWORK OF THE GREEN REGIONAL ECONOMY DOCTRINE FORMATION

Вероніка Чала, Stanislav Yakub
Economic scope
Environmental Sustainability and Technology
article

THEORETICAL FRAMEWORK OF THE GREEN REGIONAL ECONOMY DOCTRINE FORMATION

Вероніка Чала, Stanislav Yakub
article en

Abstract

This article explores the theoretical underpinnings of the green regional economy, a crucial concept within the broader framework of sustainable development, particularly in light of increasing global environmental challenges. The authors delve into the evolution of economic thought regarding the integration of environmental and economic objectives, highlighting the importance of balancing ecological sustainability with regional economic growth. The study identifies key factors and principles that underpin the green economy at the regional level, such as the efficient use of natural resources, the promotion of renewable energy, and the development of eco-friendly technologies. The article emphasizes the need to tailor global green initiatives to the specific needs and characteristics of individual regions, considering factors such as natural resource endowments, industrial structure, and socio-economic conditions. A significant focus is placed on the challenges of fostering environmentally sustainable economic development, with a particular emphasis on policy formulation that promotes ecological security and economic resilience. The article also discusses the role of green innovations, the mobilization of social capital, and regional governance in advancing the green economy. Furthermore, the authors propose a theoretical framework for the development of a green economy doctrine that incorporates key strategic initiatives, such as the transition to a circular economy, the integration of sustainability metrics into regional development plans, and the creation of green jobs. These elements are critical for fostering long-term ecological balance while ensuring economic growth and improving the quality of life at the regional level. The paper concludes with recommendations for further research and practical implementation of the green regional economy doctrine, underscoring the need for interdisciplinary approaches and collaboration between governments, businesses, and civil society to achieve sustainable development goals.

Economic scope(192)
Openalex Percentile: Top 77%
Environmental Sustainability and Technology
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THEORETICAL FRAMEWORK OF THE GREEN REGIONAL ECONOMY DOCTRINE FORMATION — Вероніка Чала, Stanislav Yakub · Economic scope (2024) | TGRS Research Map | TGRS