Challenges and opportunities for green economy transformation of Gabrovo District

Nikolay Tsonkov,B Stoykova,D Stoyancheva

doi:10.1051/shsconf/202112001007

Abstract

The process of restructuring European economies has begun over the last decade. This process is related to the implementation of strategies and policies at all levels in the countries for sustainable development in context of climate change and reduction of natural resources usage. Logically, European course to decarbonizing economies was adopted two years ago. In this regard, it is important to monitor the transition of the economies of individual countries and regions to neutrality and what problems arise. In this sense, Bulgaria is part of this process, and it is important to develop policies, aiming to reformulate regional policy and achieving sustainable development of the Bulgarian regions. The aim of the present research is to analyze the state of the economy in Gabrovo district in the context of the concept of sustainable development and outlining the difficulties and opportunities of the local economy in the transition to neutrality. The author achieves the goal, using various approaches and research methods - systematic, territorial approaches and descriptive, comparative, statistical and other methods.

Highlights

In recent decades, interstate competition, technological progress, economic development, increased urbanization and increasing environment, reduction of green areas has led to significant climate change
Based on the analyses that will be made about the state of the regional economy of Gabrovo district and the green jobs that are opened, the author will outline the opportunities and problems for the development of a green economy in the region
The sustainable development is enshrined in a number of strategic documents of the European Union, the United Nations, the World Bank, International Monetary Fund, the Kyoto and Paris Agreement which are aimed at combating climate change

Summary

Introduction

Interstate competition, technological progress, economic development, increased urbanization and increasing environment, reduction of green areas has led to significant climate change. According to analyses by the International Energy Agency, in the coming years the countries of the European Union should triple the capacity for production of electricity from renewable sources, such as wind farms, and 25 times the production of electric vehicles. These and other decisions according to the Green Deal must lead to the transition of the European economy. All countries need to formulate and prepare medium- and longterm goals and plans for restructuring their economies

Objectives

Results

Discussion

Conclusion