The Legal Aspect of the Green Economy

Abstract

The transition to a green economy is essential for promoting sustainable development and addressing urgent global environmental challenges. This paper explores the legal aspects of the green economy, emphasizing the function of law in both promoting and regulating this transition through qualitative research methodologies. It analyzes significant legal frameworks at international, regional, and national levels that underpin green economic policies and practices. The analysis underscores the essential role of legal instruments in fostering environmental integration, ensuring intergenerational equity, safeguarding human rights, and enhancing corporate responsibility. Additionally, the paper discusses the challenges and opportunities associated with implementing green economy policies, emphasizing the need for innovative legal approaches to overcome barriers and encourage green investments. By exploring the progression of policy dialogues and legal initiatives established at pivotal international gatherings, such as Rio+20, this research offers critical insights into the advancements and constraints of current legal frameworks. The findings underscore the essential role of law in advancing a sustainable and inclusive green economy, stressing the need for continuous legal innovation and international collaboration. This paper contributes to the ongoing discussion of sustainable development by delivering a detailed legal perspective on the green economy. It aims to engage policymakers, legal practitioners, and researchers in assessing the efficacy and deficiencies of existing legal systems in promoting a sustainable and environmentally conscious future. DOI: https://doi.org/10.53486/cike2024.11; UDC: 349.6:[504.3+504.06]; JEL Classification: Z18, D69, F69, F59, F39.