ENVIRONMENTAL ECONOMY AND SUSTAINABLE DEVELOPMENT: INTERACTION OR OPPOSITION

Vladimir Arsovski

Abstract


The idea of a green economy has always been inextricably linked to sustainable development and it is impossible to separate these two terms. We can say that the green economy is a process and sustainable development is a challenge. the green economy must be designed to contribute to sustainable development. In addition, scientists understand the "green economy" as a mechanism that prevents systemic distortions and violations of the unstable economic paradigm. Sustainable development has a wider spectrum, provided that the green economy is one of the "core ingredients" of sustainable development. Sustainability cannot be understood without social well-being and respect for biodiversity, but it is also impossible to achieve them without appropriate economic mechanisms. We can say that every issue related to the green economy is also related to sustainable development, but not every issue related to sustainable development is necessarily part of the green economy.

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