Formation of the “Green Economy” in the Innovative Model of Sustainable Ukraine’s Development

¹ Odessa I. I. Mechnikov National University, Department of Finance, Banking and Insurance, 65000 Odessa, Ukraine
² Wójt of gmina Gromadka, 59706 Gromadka, Poland
³ Odessa I. I. Mechnikov National University, Management and Innovation Department, 65000 Odessa, Ukraine
⁴ West Ukrainian National University, Department of Economics and Economic Theory, 46000 Ternopil, Ukraine
⁵ West Ukrainian National University, Department of Management, Public Administration and Personnel, 46000 Ternopil, Ukraine

^* Corresponding author: nvzakharchenko777@gmail.com

Abstract

The purpose of the study- is to substantiate the problems and prospects of forming a "green" economy and a way to implement sustainable development at the national level. Regional and global levels in the long run. The active growth of "green" enterprises, the introduction of innovative technologies and the reduction of waste and harmful emissions in various sectors of Ukraine's economy, the transition to energy-saving technologies and biofuels and "greening" of agriculture promise to ensure the country's energy security. This allows for increased incomes and formal employment in these sectors of the economy in the short and long term, while providing more environmental, economic and social benefits, which in general leads to a higher level of well-being of the population and the country. At the same time, although the transition to a "green" economy will require large-scale investments, these investments can be mobilized through sound government policies and innovative financing mechanisms.