Abstract
Given the demand for green economic growth and sustainable development, many economic practices demonstrate different rates and characteristics of the transition to a green economy, which in one way or another are determined by the initial socio-economic factors and the economic policy implemented by the state. Stimulating green growth and increasing the well-being of society through the rational use of natural resources, natural capital and ecosystems require the elaboration and development of alternative measures for ensuring the rational use of natural resources, the development of environmental innovations and human capital. An equally important factor contributing to green growth is the formation of a state policy of green economic growth, as well as tools and mechanisms for its implementation. The conceptual foundations of a supranational green growth policy have already been developed and the methodological basis has been elaborated. The study of the experience and best practices of green growth in different countries allows us to identify certain shortcomings that require a deeper study and revision of state regulation documents. In addition, the post-Covid economy requires a separate consideration from the point of view of both the relevance of the policy of green growth and the measures and tools for its implementation. Thus, the study of modern trends and principles of the implementation of the state policy of green growth is a topical area of research that requires critical rethinking for the introduction of more constructive measures for reaching the set goals and objectives.
Highlights
Green economic growth and the demand for corporate social responsibility are the trends that have shaped the modern macroeconomic policy of sustainable economic growth based on the environmental industry
The concept green economy was introduced by the British scientists Pearce, Markandii and Barbier in their work "Blueprint for a Green Economy" published in 1989
The World Bank has proposed the following definition of green growth - “it is the growth that is efficient in terms of the use of natural resources; clean in terms of minimizing pollution and environmental impact; and sustainable from the point of view of natural disasters”
Summary
Green economic growth and the demand for corporate social responsibility are the trends that have shaped the modern macroeconomic policy of sustainable economic growth based on the environmental industry. It affected almost all levels of economic activity. A new model of consumer behaviour based on the principles of environmental protection and environmentally oriented choice has formed Such rapid development of the concept of green economy could have never been developed at such a pace without proper government regulation and control. It is the political will of national governments that guarantees a successful implementation of economic policy aimed at sustainable growth and green transformation of society. The study of the mechanisms of state regulation of the transition to clean production through a comparative analysis of the macroeconomic approaches of European countries-leaders in the green economy and best practices from Russia is relevant and timely
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