The green economy: EU vision for competitive and sustainable development

Abstract

Sustainable development has been established on an EU level as a strategy and some high-level political promises. In the present economic context, it is vital that a holistic approach to the green growth paradigm must be adopted. Nevertheless, the EU's energy, resource and environmental policies as well as development policy must be coordinated so as to ensure maximum possible coherence. The purpose of this paper is to briefly present the importance of sustainable development implementation and also to evaluate the EU real capabilities in supporting this agenda. Introductory part is giving an overview on this topic while trends of sustainable developments are presented in the EU framework furthermore.

Sustainable leadership and the development of lgreenr economy in the European Union

“…However, the slow pace of change witnessed in most European Union Countries is a massive course for concern. The slow pace of change towards eco-friendly economic initiatives across European nations would mean that the central EU climate and environmental goals, as well as targets of 2020 and beyond, would not be achieved without extra efforts and radical changes or orientations of the European Economic policies and System (Ivanescu and Sorlescu 2016). These tendencies also show that the financial and economic crisis has not resulted in enhancement in the resource efficiency and in some areas the same has led to a reduction in efficiency.…”

“…The recent European Union strategic policies meant to effect an 'industrial renaissance' comprises of the policy objective of the 're-manufacturing' and realizing a 20% share of the manufacturing industry in the European Union's Gross Domestic Product by 2020. However, given the current state of resource efficiency in industrial sector (Ivanescu and Sorlescu 2016). The remanufacturing strategy is not likely to improve the resource efficiency.…”