State Regulation and Sustainable Development: An Academic Inquiry into the Oversight of the Green Economy
Keywords:
Sustainable Development, Green EconomyAbstract
The notion of a green economy has received significant attention from both environmentalists and economists, and it is increasingly being discussed by heads of state and finance ministers. The increase in interest is due to discontent with current economic models and tiredness caused by crises and environmental issues in recent decades. The shift to a green economy is viewed as economically and socially justifiable, with demands for further efforts from both the public and commercial sectors. The state's key responsibilities include amending green product regulations, eliminating obsolete subsidies, executing policy changes, developing new incentives, strengthening ecological infrastructure, refining economic processes, redirecting public investment, and adopting green public procurement.
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