Issue: № 8, 2024
Doi: https://doi.org/10.37634/efp.2024.8.15
Green transformation of the state’s economy is an important aspect of modern economic policy aimed at ensuring sustainable development and minimizing the negative impact on the environment. This process involves a transition from traditional economic models based on fossil fuels and significant consumption of natural resources to more environmentally friendly and energy efficient technologies. Such a transformation helps reduce greenhouse gas emissions, reduce environmental pollution, and preserve natural resources for future generations. The use of energy-efficient sources helps reduce dependence on fossil fuels and ensures the stability of energy supply in the long term. In addition, the introduction of energy-efficient technologies in various sectors of the economy allows to significantly reduce energy consumption and costs of its production, which has a positive effect on economic indicators and the ecological situation in the country. The transition to more ecologically clean production processes and technologies, as well as the introduction of electric vehicles and other environmentally safe types of transport, allows to significantly reduce the amount of harmful emissions into the atmosphere. This helps to improve air quality, reduce the level of diseases associated with environmental pollution, and increase the general standard of living of the population. The green transformation of the economy also involves the active participation of the state in the formation of the appropriate regulatory and legal framework and the creation of economic incentives for enterprises and citizens. Tax breaks, subsidies, public investment in green technologies and infrastructure are important tools to support this process. At the same time, increasing public awareness of the importance of environmental responsibility and involving the public in decision-making contributes to the formation of an environmentally conscious society. Thus, the green transformation of the economy is a complex process that requires the efforts of the state, business and civil society. It ensures not only environmental safety, but also sustainable economic development, improving the quality of life of the population, and preserving natural resources for future generations.
Keywords : green economy, sustainable development, green transformation, economic transformation, state regulation
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