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Global Practices and Experiences in Developing a Green Economy amid Financial Crises
Iuliia Ostapenko1, Dmitry Zadykhaylo2, Andrii Lyseiuk3, Yuliia Tunitska4, Liudmyla Sierova5
1Department of Economic Law, Yaroslav Mudriy National Law University, Kharkiv, Ukraine.
Email: yuliya.ostapenko@sci-univ.com | ORCID: https://orcid.org/0000-0002-4033-5927
2Department of Environmental Law, Yaroslav Mudriy National Law University, Kharkiv, Ukraine.
Email: dmzadykhaylo@gmail.com | ORCID: https://orcid.org/0000-0002-7051-4010
3Ukrainian Scientific and Research Institute of Special Equipment and Forensic Expertise of the Security Service of Ukraine, Kyiv, Ukraine. Email: andrii_lyseiuk@sci-univ.com | ORCID: https://orcid.org/0000-0002-9026-1188
4Department of International Management, Faculty of International Trade and Law, State University of Trade and Economics, Kyiv, Ukraine. Email: juliar_2006@ukr.net | ORCID: https://orcid.org/0000-0002-8501-1299
5Department of International Management, Faculty of International Trade and Law, State University of Trade and Economics, Kyiv, Ukraine. Email: serova@ukr.net | ORCID: https://orcid.org/0000-0002-0739-1978
*Corresponding author
Grassroots Journal of Natural Resources, 7(3): 244-270. Doi: https://doi.org/10.33002/nr2581.6853.070314
Received: 26 September 2024
Reviewed: 24 October 2024
Provisionally Accepted: 30 October 2024
Revised: 15 November 2024
Finally Accepted: 27 November 2024
Published: 31 December 2024
Currently, the global community confronts two pivotal challenges such as the rapid expansion of the world population and the consequential escalation of pressure on the environment. Swift and effective mitigation of these challenges necessitates the expeditious internalization of external effects as a primary preventive measure. Therefore, this article aims to analyze the strategies employed by the leading economies, including China, the United States, Korea, and the European Union, to advance their green economies amidst periods of financial downturns. By analyzing the cases of these countries, we explore the implementation of green economy policies and strategies during times of economic downturn, focusing on initiatives undertaken, investments made, and outcomes achieved. The study highlights the varying approaches and responses of different economies to promote green growth, including stimulus packages, policy frameworks, and investment priorities. The collected data underwent a comparative analysis to understand the dynamics of green economic development, such as policy frameworks, investment priorities, stimulus measures, and resultant outcomes. As a result, it is established that the green economy offers a strategic pathway for nations to address pressing challenges, such as economic downturns, by concurrently fostering environmental sustainability and social welfare. The integration of green practices aligns with the overarching goal of achieving sustainable development, wherein economic growth is harmonized with environmental preservation and social inclusivity.
Green economy; International economic activity; International competitiveness; Economic security; Financial crisis
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Ostapenko, I., Zadykhaylo, D., Lyseiuk, A., Tunitska, Y., & Sierova, L. (2024). Global Practices and Experiences in Developing a Green Economy amid Financial Crises. Grassroots Journal of Natural Resources, 7(3), 244-270. https://doi.org/10.33002/nr2581.6853.070314
Ostapenko I., Zadykhaylo D., Lyseiuk A., Tunitska Y., Sierova L. 2024. Global Practices and Experiences in Developing a Green Economy amid Financial Crises. Grassroots Journal of Natural Resources, 2024, 7 (3), 244-270. https://doi.org/10.33002/nr2581.6853.070314
Ostapenko, Iuliia, Zadykhaylo, Dmitry, Lyseiuk, Andrii, Tunitska, Yuliia, Sierova, Liudmyla. 2024. “Global Practices and Experiences in Developing a Green Economy amid Financial Crises”. Grassroots Journal of Natural Resources, 7 no. 3: 244-270. https://doi.org/10.33002/nr2581.6853.070314
Ostapenko, Iuliia, Dmitry Zadykhaylo, Andrii Lyseiuk, Yuliia Tunitska and Liudmyla Sierova. 2024. “Global Practices and Experiences in Developing a Green Economy amid Financial Crises”. Grassroots Journal of Natural Resources, 7 (3): 244-270. https://doi.org/10.33002/nr2581.6853.070314
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