Abstract
Investigating green growth is a continuing scientific concern within academia, governments, and international organizations in recent years. This paper analyzes the discourse on green growth assessment methods. There are three primary aims of this study: 1. To identify factors influencing or stimulating green growth. 2. To analyze sets, frameworks, and indices of green growth indicators designed by international organizations and scientists. 3. To develop the Green Growth evaluation Index and to validate it on the assessment of green growth status of the European Union countries. The methodological approach taken in this study is a mixed methodology based on data analysis, generalization, and index assessment. The study offers important insights into the discourse on green growth evaluation, analyzes green growth measurement tools, and provides the Green Growth Index which can be applied to evaluate green growth in developing and developed countries. Secondary data have been collected from Eurostat, the World Bank databases, and UNDP Human Development Reports for the year 2018. The results show that green growth is uneven in the European countries; the Green Growth Index and all three pillars vary between countries due to the fact that several countries lag behind all the indicators included in the Green Growth Index.
Highlights
With an emphasis on climate change, interest in green economy and green growth is increasing
The results show that green growth is uneven in the European countries; the Green Growth Index and all three pillars vary between countries due to the fact that several countries lag behind all the indicators included in the Green Growth Index
Comparing green growth indices proposed by international organizations with those composed by scientists, it should be noted that indices proposed by organizations are applied more widely than the ones proposed by the scientists
Summary
With an emphasis on climate change, interest in green economy and green growth is increasing. The aim of green economy and green growth is almost the same, i.e. to identify the ways of improving the results of economic activity taking into account the existing climate problems and increasing deficiency in natural resources (Kasztelan, 2017). First attempts to propose sets or frameworks of green growth indicators have been made by OECD (2011), UNEP (2012), and other international institutions. 3. To develop an index and to evaluate green growth in the European Union countries. Research methods: scientific analysis, systemizing and generalization, analysis of green growth measurement possibilities proposed by international organizations and scientists during the period of 2012-2019, secondary data analysis, estimation of green growth in the European Union countries in 2018 on the basis of the designed index. This scientific theoretic paper provides with an overview of the discourse on green growth assessment methods, the existing green growth measurement tools, the design of the Green Growth Index and its application for the European Union countries
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