GREENING OF THE ECONOMIC DEVELOPMENT OF EUROPEAN COUNTRIES: MAIN INDICATORS

Abstract

Purpose. The aim of the article is the systematization of main environmental indicators of economic development of European countries to develop proposals for improving this sector in Ukraine. Methodology of research. The following methods are used during the study: abstract and logical, deductive to create theoretical generalizations regarding the study of foreign experience of greening of economic development of European countries and study proposals for subjects of domestic economy; monographic method – for analysis of research scientific results and synthesis of scientific views on study components of environmental dimensions of economic development of European countries; systematization method – in the analysis of the current state of foreign economic development of European countries and in assessing the environmental dimension of European economic development; comparative analysis – to compare the actual data environmental, economic and social development of the studied countries; graphics – for visual display of these calculations on determination of EPI and its dynamics. Findings. The possibility to use EPI index of European countries that have the ability to set and achieve the main objectives of environmental policy, to improve the environment and ensure the viability of ecosystems is substantiated. It is established that the EPI index shows the ability of range to achiving the objectives of preserving ecosystems that are not necessarily associated only with economic activities. It is determined that using EPI determination can be as much as possible to determine the environmental dimensions of economic development of the country. The experience of the EU countries, which suggests that legislation requiring enterprises to take care of the ecological state, introduce ecological production and pay environmental taxes, impact on reducing the size of profit of enterprises, but provide an opportunity to accumulate investment resources to address urgent environmental problems is investigated and analyzed. Originality. The use of calculating methods of the potential amount of investment into the economic development of Europe is proposed. The necessity to invest into environmental investment projects for each country based on the fact that the negative human impact on the environment is characterized by an alarming trend for growth of various emissions is established in the article. The application of EPI for determining environmental dimensions of economic development of the country is substantiated. Practical value. The practical significance the obtained results is the ability to use investments to improve the environment, uniformity of greening approach to the evaluation of business. The governments of Europe have the ability to set and achieve the main objectives of environmental policy, to improve the environment and ensure the viability of ecosystems with the help of control of EPI values.