A CONCEPTUAL MODEL OF THE GREEN ECONOMY IN THE FRAMEWORK OF GLOBAL SOCIAL GOODS AND SUSTAINABILITY

Abstract

The article emphasizes that in order for the human community to reach the limits of its economic activity, global opportunities for reducing the consumption of non-renewable resources and reducing the anthropogenic burden on the environment must be fully utilized. The author has identified six key models of global development based on scenarios of convergence of its economic and environmental components. Pairs of antagonistic models of eco-economic development formed in the coordinates "level of development – environmental friendliness of innovations" have been analyzed. It has been noted that until now there is a significant time lag between social and economic practice and the results of scientific research in the field of greening of global economic development. The article claims that the transdisciplinary nature of the scientific discourse of sustainable development and green economy has made it possible not only to confirm a number of hypotheses in related fields of knowledge, but also to generate the emergence of a significant number of new theories and concepts. The author considers the concept of global public goods to be one of the successful examples of this. In the context of this concept, institutional features of the development of the green economy and management of the processes of minimizing the negative impact of economic development on the environment have been proposed. The article emphasizes that the concepts of circular, green and bioeconomy are currently widespread in academic circles and occupy a central place in the processes of developing national and corporate strategies and policies, but until now they have been perceiving as identical, without distinguishing the obvious differences between them. Instead, the author argues that in the context of environmental sustainability, the green economy acts as an overarching theory that includes separate structural components of the circular and bioeconomy concepts. In the article a conceptually new vision of the green economy has been offered. It is fundamentally different from the existing author's justification of a qualitatively new subordination hierarchy of key components of the green economy as a basis for ensuring sustainable development while observing the principle of complementarity of author's approaches and previous scientific achievements of other authors.