Challenges and Risks of the “Green” Transformation of the Countries Participating in the Integration Blocks: The Case of the Eurasian Economic Union

Abstract

The recent crises testify to the instability of the existing model of world economic development. Over the past decade, choosing the “green” economy path has become a strategic priority for many countries. Through the “green” transformation, these countries will be prepared to tackle the major challenges of the twenty-first century—from urbanization and resource scarcity to climate change and economic instability. In modern perception a “green” economy must combine circular and inclusive growth that improves human welfare and creates social justice while reducing environmental risks. An inclusive “green” economy is an alternative to today’s dominant economic model, which exacerbates inequality, promotes wastefulness, causes resource scarcity and poses threats to the environment and human health.