Lebedeva M.A. COMPARATIVE ANALYSIS OF METHODS FOR ASSESSING THE TRANSITION TO A GREEN ECONOMY

DOI: https://doi.org/10.15688/ek.jvolsu.2020.3.10

Marina A. Lebedeva

Research Engineer, Department for Issues of Socio-Economic Development and Management in Territorial Systems, Vologda Research Center of the Russian Academy of Sciences, Gorkogo St, 56a, 160014 Vologda, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0002-7310-6143


Abstract. The concept of sustainable development has become the basis for the future of humanity, and one of the tools for achieving it is green economy, which needs to be evaluated by offering certain methods of measurement. The purpose of this work is a comparative analysis of the most well-known methods for evaluating the implementation of the green economy concept at the national and regional levels, identifying their advantages and disadvantages. The analysis of foreign and domestic literature has shown that two types of integral indices are used mainly to measure the “greening” of economy: indices whose constituent elements require normalization (The Global Green Economy Index, The Index of the Green Economy, The Green Growth Index, The Ecological Footprint) and the indices that comprise the indicators which have a common unit of measurement (The Index of Adjusted Net Savings, “Green GDP”). As a result of the research, it was found that the normalized indices do not fully meet the criteria for aggregate indicators presented by the OECD. In addition, all the considered methods allow only to reflect trends towards the transition to a green economy, but not to assess the degree of its implementation. Further research will develop a set of indicators that can be used to characterize not only trends, but also the specific stage of transition to a green economy.

Key words: green economy, sustainable development, global green economy index, green growth index, adjusted net savings index, “green GDP”.

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COMPARATIVE ANALYSIS OF METHODS FOR ASSESSING THE TRANSITION TO A GREEN ECONOMY by Lebedeva M.A..is licensed under a Creative Commons Attribution 4.0 International License.

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