Green economy: way to Environmental governance Chair of European integration Kateryna Iakovenko Scientific supervisor Sergey Harichkov

What is a Green economy? Green economy is one that results in “improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities”. (United Nations Environment Programme, 2010) The key aim for a transition to a green economy is to enable economic growth and investment while increasing environmental quality and social inclusiveness.

What is a Green economy?

 The concept of a green economy does not replace sustainable development; but there is a growing recognition that achieving sustainability rests almost entirely on getting the economy right.  Sustainable development is “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. (World Commission on Environment and Development, 1987)  The concept of sustainable development means “improving the quality of human life within the carrying capacity of supporting ecosystems” (the World Wide Fund for Nature, the International Union for Conservation of Nature and UNEP, 1991). A green economy and sustainable development

What is an Environmental governance?  “the whole range of rules, practices and institutions related to the management of the environment in its different forms (conservation, protection, exploitation of natural resources, etc.)”;  “all the processes and institutions, both formal and informal, that encompass the standards, values, behaviour and organizing mechanisms used by citizens, organizations and social movements as well as the different interest groups as a basis for linking up their interests, defending their differences and exercising their rights and obligations in terms of accessing and using natural resources.”;  "the formal and informal institutions, rules, mechanisms and processes of collective decision-making that enable stakeholders to influence and coordinate their interdependent needs and interests and their interactions with the environment at the relevant scales."  "the formal and informal institutions, rules, mechanisms and processes of collective decision-making that enable stakeholders to influence and coordinate their interdependent needs and interests and their interactions with the environment at the relevant scales."

The key principles of environmental governance At the international level, global environmental governance is “the sum of organizations, policy instruments, financing mechanisms, rules, procedures and norms that regulate the processes of global environmental protection.” environmental protection.”  Embeds the environment in all levels of decision-making and action.  Conceptualizes cities and communities, economic and political life as a subset of the environment.  Emphasizes the connection of people to the ecosystems in which they live.  Promotes the transition from linear systems (like garbage disposal with no recycling) to circular systems

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