Over the past two decades, formed a new trend in the global economy – a green economy (GE), Ecological Economics (EE), which will ensure sustainable development (SD) to all countries and help save humanity from the crisis in ecology, finance and many other areas of society.
GE – a sector that create and enhance natural capital land or reduce environmental threats and risks (UNEP).

According to the UN definition

GE – it’s an economy that results in reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment.

Green economy is one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities (UNEP).

Theoretical Foundations of GE were laid by Robert Costanza, John LR Proops, Jeroen CJM Van Den Bergh, Robert G. Bailey and others.

THREE Axioms of GE (EE):

• You can not endlessly expand its sphere of influence in a confined space;
• Nobody can be expected to meet the growing needs of endlessly with limited resources;
• Everything on Earth is interconnected.

GE PRINCIPLES :

• The principle of justice (equality);
• The principle of dignity (prosperity and well-being for all);
• The precautionary principle (registration of limit loads on the planet);
• The principle of participation (broad participation in decision-making);
• The principle of governance (accountability);
• The principle of sustainability (achieving economic, social and environmental sustainability);
• The principle of effectiveness (sustainable production and consumption);
• The principle of communication between generations (investment in the future).