GREEN ECONOMY: DIRECTIONS AND PROSPECTS

Abstract

The article considers the concept of "green economy" as one of the strategic directions of economic development in Azerbaijan Republic. The concept of transition to a "green economy" is researched and the main problems of the global ecosystem are analyzed. The main factors of the possibility and limitations of the "green economy" in the world are listed. The experience of the countries leading the "green economy" is considered. It is noted that in modern conditions, the development of a "green economy" will significantly reduce harmful emissions to the planet, and responsibility for pollution is shared between countries. The main directions of the "green economy" are identified, such as green energy, green transport, green technologies, green tourism, green agriculture. A more detailed analysis of the effectiveness of the development of the "green economy" in Azerbaijan is made. It is established that the reduction of public investment in environmentally harmful industries and the increase in tax rates for harm to nature will draw the attention of businesses to clean technologies. Based on the research, the prospects of the "green economy" in Azerbaijan are summarized and the corresponding conclusions are made.