DETERMINANTS OF ENVIRONMENTAL AND ECONOMIC GROWTH REGULATION IN UKRAINE

Abstract

Generalized features of mechanisms for convergence of national policies have been examined. An overview of the mechanisms for convergence of national eco-economic systems has been conducted. An empirical analysis of the dissemination of relevant national plans, programs, and eco-economic policy strategies has been carried out. The levels of implementation of eco-economic policies have been analyzed, and it has been demonstrated that national/federal policies represent the most common level of eco-economic policies applied in countries, indicating a widespread interest and effort on the part of national governments in addressing environmental issues and promoting sustainable development. The dynamics of the number of eco-economic policy instruments have been investigated. The most effective and suitable instruments for achieving specific eco-economic objectives have been identified. A generalized typology of policy convergence mechanisms has been proposed, which includes harmonization, imposition, diffusion, and regulatory competition, playing a significant role in achieving ecologic-economic policy convergence and creating a favorable environment for sustainable development and economic growth. The most important aspects of determinants of regulating environmental and economic growth in Ukraine are environmental regulations: evaluating the effectiveness and enforcement of environmental regulations, such as emissions standards, waste management protocols, and pollution control measures and economic incentives: analyzing the use of economic incentives, like subsidies for clean technologies or carbon pricing mechanisms, to encourage sustainable practices in both businesses and households. International Collaboration: exploring partnerships, collaborations, and initiatives with other countries and international organizations to address global environmental challenges and leverage resources. Resilience and Adaptation: considering strategies to enhance resilience against environmental risks and climate change impacts, ensuring sustainable development despite potential challenges.