An Empirical Investigation on the Transition Process toward a Green Economy

Larissa Batrancea, Marcel Ciprian Pop, Malar Maran Rathnaswamy, Ioan Batrancea and Mircea-Iosif Rus
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Larissa Batrancea: Department of Business, Babeş-Bolyai University, 400174 Cluj-Napoca, Romania
Marcel Ciprian Pop: Department of Economics and Business Administration, Babeş-Bolyai University, 400591 Cluj-Napoca, Romania
Malar Maran Rathnaswamy: Department of Economics and Business Administration, Babeş-Bolyai University, 400591 Cluj-Napoca, Romania
Ioan Batrancea: Department of Economics and Business Administration, Babeş-Bolyai University, 400591 Cluj-Napoca, Romania
Mircea-Iosif Rus: National Institute of Research and Development in Constructions, Urbanism and Sustainable Spatial Development “URBAN INCERC”, 117 Calea Floresti, 400524 Cluj-Napoca, Romania

Sustainability, 2021, vol. 13, issue 23, 1-12

Abstract: The study investigates the transition process and core principles of a green economy. At a global level, green growth represents the essence of a green economy. In this context, the process of restructuring the market economy and transitioning toward a green economy implies continuous efforts and interdependence since it cannot be achieved in isolation. The model of restructuring economic activities to the specificity of a green economy addresses the interdependent pillars of sustainable development: environmental concerns; renewable energy; low carbon levels. Nevertheless, the green economy model that is applied to advanced economies cannot be implemented to low-income economies because of development gaps. Moreover, emerging economies also have other goals and priorities that demand changes into the green economy model of advanced economies.

Keywords: green economy; sustainable development; low carbon; renewable energy; CO 2 emissions; restructuring model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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