Challenges of Green Economy in Armenia

Challenges of Green Economy in Armenia

Susanna Aghajanyan (Armenian State University of Economics, Armenia) and Gagik Aghajanyan (Armenian State University of Economics, Armenia)
DOI: 10.4018/978-1-7998-2193-9.ch006

Abstract

The economy ecologization process should take into account the development needs of each nation by developing effective systems of production and consumption. That is why in the system of measures ensuring the transition to a “green” economy, overcoming poverty and expanding the livelihoods of the most vulnerable sections of society should be a priority. At the same time, the convergence of economic and environmental policies, where prospects for economic growth are at the forefront, avoiding stress on nature resulting in unpredictable and qualitative implications for natural resources is important. Today, with resource constraints and harmful emissions, the main problem lies in the complete elimination of reliance on economic growth materials and energy resource use, which involves the identification of opportunities to increase the efficiency of the material sectors of the economy.
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Background

The special attention in this chapter has been given to identify the potential synergies of economy greening in Armenia. A green economy is not geared towards economic growth; on the contrary, it is a new growth flywheel which is “inclusive and green”. Obviously, the aim is to find favorable conditions for the transition to a green economy, and much can be done in this field, mainly through the development of suitable environment and realistic policies, which are prioritized in this chapter. The decades in which new ideas and wealth are produced on the basis of traditional economic models have failed to counter social marginalization and reform ever-increasing unsustainable resource consumption.

There are not enough publications in Armenian scientific literature concerning the assessment focused on the green economy. The scope of understanding at the national level of the green economy theory and the fact that it covers a variety of industries and goals is reflected in the diversity of organizations involved in promoting it. Some of these are responsible for various aspects of the priority areas, while others are responsible for coordinating the production of selected evaluations.

Key Terms in this Chapter

Self-Sufficiency: The quality or state of being able to provide everything you need, especially food, without the help of other people or countries.

Ecologization: Process of the state control perfection over preservation of environment and natural usage.

Sustainable Development: Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

Eco-Friendly: Earth-friendly or not harmful to the environment.

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