WHY IS THE TRANSITION TO A GREEN ECONOMY IMPORTANT FOR ACHIEVING SUSTAINABILITY? A REVIEW OF SOME THEORETICAL APPROACHES AND EMPIRICAL RESEARCH PRESENTED IN THE LITERATURE

The transition to a green economy and sustainability have recently emerged as crucial topics in modern economic theory. is sustainable vision for prosperity growth that can enhance quality of life the whole while increasing ecological social well-being. Promoting creation acceptance technological innovation essential approach. major goal this article highlight importance factors transitioning achieving by reviewing findings theoretical approaches (microeconomic macroeconomic) empirical research. This also contributes outlining macroeconomic challenges responding environmental hazards. In order clarify numerous aspects economy, provides generic framework embraces number thoughts, ideas, concepts investigates how they connect sustainability. paper addresses some difficulties decision-makers must adequately recognise pursue efficient transformation recommends few directions future